Hannun, a Spanish company dedicated to the online marketing of sustainable and handcrafted decoration and furniture in Europe, has started the process to be listed on the BME Growth market, with the publication of the corresponding Information Document of Incorporation to the Market (DIIM).
HANNUN will carry out a rights issue and capital increase by credit offsetting. In addition to this, there will be a share offering by the company’s two chief executive officers in case the rights issue is oversubscribed. Once these transactions have been completed, an addendum to the Information Document will be published with the results. The company’s Board of Directors will take the subscription price in the capital increase as the reference price for the start of trading.
The Market’s Coordination and Admission Committee believes the company will meet the criteria for inclusion in the BME Growth trading segment of BME MTF Equity.
The company’s Registered Adviser is DCM Asesores while GVC Gaesco Valores will act as Liquidity Provider.
HANNUN is an international brand of eco-friendly furniture and home décor items. The company mainly sells products which it designs through its own e-commerce website. However, some of its products, aimed at corporate customers operating primarily in the hotel and catering sectors, are not marketed via online channels.
GA_P advised the underwriters with a Corporate team formed by patner and co-head of Capital Markets and head of Corporate Governance Guillermo Guerra Martín, senior associate Jacobo Palanca Reh and lawyer Irene Medina de Alba.