Meta Estate Trust (MET), holding company that operates in the real estate sector, listed on the Bucharest Stock Exchange (BVB), benefits since January 26, from the Issuer's Market Maker services offered by BRK Financial Group. The company is listed on the AeRO market, the equity segment of the Bucharest Stock Exchange’s Multilateral Trading System, since 2022. On January 31, 2023, the Meta Estate Trust’s capitalization was RON 79.72 mn.
"Ever since the listing of Meta Estate Trust on the AeRO market of BVB, approximately 5 months ago, the constant concern of the company's management has been to keep our commitments to investors and to develop permanently. During this period, we made investments with high potential and concluded exits with returns above the market average. We want to continue to be one of the most attractive issuers for existing shareholders, but also for potential investors. Therefore, in line with our strategy so far, we are happy to announce the partnership with BRK Financial Group for the implementation of the Market Making program. We are confident that it will support the company's liquidity on the capital market and bring added value to MET shareholders," said Oriol Casellas Deig, CEO of Meta Estate Trust.
The MET share is the 14th share of an issuer listed on the stock exchange on the Main Market for which the BRK Financial Group team provides Issuer’s Market Maker services. The total number of financial instruments listed on the Bucharest Stock Exchange’s Main Market that benefit from the Issuer's Market Maker services reaches 21. The specific parameters that apply to the Issuer's Market Maker activity carried out by BRK Financial Group for Meta Estate Trust shares are available HERE.
"We are happy to have signed a new contract within the Issuer's Market Maker program with Meta Estate Trust, and we aim to make the results of this partnership as visible as possible in the shortest possible time, in order to improve liquidity from all angles (traded volume, number of trades, market depth and trading spread). In this way, we underline BRK Financial Group's continued commitment to the capital market and appreciate the company's trust in our expertise," said Monica Ivan, CEO of BRK Financial Group.
"Increasing liquidity remains an important goal for the Bucharest Stock Exchange this year, and the partnership between Meta Estate Trust and BRK Financial Group for the Issuer's Market Maker services is an indicator that shows us the issuers' commitment to boosting their performance on the Romanian capital market. I am glad that less than 6 months after its listing, Meta Estate Trust has chosen to employ the Issuer's Market Maker services to enhance its evaluation and market positioning. We see issuers becoming more and more open to this type of service, and we look with confidence to the Market Maker segment evolution that supports the long-term development of the local capital market", stated Adrian Tanase, CEO Bucharest Stock Exchange.
The IMM is the participant in BVB’s trading system that has taken on the role of sustaining the liquidity of a financial instrument. Further information regarding the general framework for the IMM Program can be found HERE.
Meta Estate Trust
Meta Estate Trust, a company founded by a group of Romanian entrepreneurs with extensive experience in the capital and real estate markets, started its activity a little over a year ago.The business model involves investments in the real estate segment, with a short capital rotation cycle, with a focus on the large urban residential segment. The company carried out two private placements and a public offer for the sale of shares, as a result of which the company's social capital reached the value of RON 87 mn. Starting on August 29, 2022, Meta Estate Trust is present on the AeRO market of the Bucharest Stock Exchange, with the stock symbol MET. More information on Meta Estate Trust shares is available here. Since its establishment until now, Meta Estate Trust has invested over EUR 21 mn in 24 real estate projects.
BRK Financial Group
BRK Financial Group was established as a joint-stock company on October 26, 1994, being one of the largest brokerage companies in Romania. Extensively experienced in the capital market, it is also the first and, up until now, the only financial investment company listed on the Bucharest Stock Exchange, in the premium category (ticker symbol: BRK). The core activity of BRK Financial Group is structured on two business directions, namely the intermediation segment and the trading segment. In the trading segment, the company operates the transactions on its own account, market-making operations, and structured product transactions, while on the intermediation segment, the company operates the customer transactions, respectively the corporate operations.
Bucharest Stock Exchange
Fundamental institution of the capital market, Bucharest Stock Exchange is the only securities market operator in Romania. Bucharest Stock Exchange, a company listed on its own market since 2010, is part of the BVB Group which also includes Depozitarul Central, the institution responsible for registry and settlement operations in Romania, and in October 2019 the central counterparty CCP.RO, institution which will take over the function of clearing trades with securities in Romania and which will contribute to the relaunch of the derivatives market.The cumulative market capitalization of all companies listed on Bucharest Stock Exchange (local and international) exceeds EUR 45 bn (data as of 30 January 2023). In 2022, BET index reached 20 companies, for the first time in its history. Also, at the end of 2022, Romania had 13 listed companies included in the FTSE Russell indices dedicated to emerging markets, seven in the FTSE Global Micro Cap indices and six in the FTSE Global All Cap indices. For more information on Bucharest Stock Exchange, please refer to www.bvb.ro.