BAKU, Azerbaijan, August 15
By Tamilla Mammadova – Trend:
The shares of Georgian Metro Euphoria Hotel Batumi JSC were listed on the Georgian Stock Exchange, Trend reports citing Georgian media.
As reported, class B shares (ISIN GE1100003932) were submitted to the Category B listing as well as the trading system of the Georgian Stock Exchange, and MEHBB as Shares Exchange Code (Ticker) was provided.
Euphoria Hotel Batumi JSC currently has a total nominal value of 54.47 million lari ($17.7 million) on the Georgian stock exchange with a nominal price of 1 lari (33 cents) per share. The company has also issued 6.05 million Class A shares, 1 share of which is equal to 15 votes, and it participates in the election of the Supervisory Board, while the price of 1 Class B share provides 1 vote.
The parent company, Metro Avrasya Investments Group, being one of the pioneering tourism and construction groups in Georgia (by sheer capital and turnover), continually aims to broaden the scope of prospective local and international investors and create a safe harbor for opportunities.
Metro Euphoria Hotel Batumi was established in 2017 and initially included the management of the Euphoria hotel located in Batumi and its the restaurant. In 2017-2019, the company leased four hotels included Business Legend, Intourist, Metro Sky Tower and apartments in Euphoria.
During three months of 2019, the company managed City Hotel Batumi, with which the company renewed its contract in March 2020.
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