The Santander Small Caps fund becomes Izertis' shareholder with 2%
The investment institution Santander Asset Management, through the Santander Small Caps fund, joins our company as a shareholder with 2 percent, in an operation that has reached 3.62 million euros. Specifically, the fund managed by Lola Solana is made through this operation with more than 452,000 shares, becoming one of the outstanding shareholders within our multinational.
The purchase price at which this investment has been executed has been marked at 8 euros per share. Thanks to this, our company allows the entry into its shareholding of one of the most recognized asset management institutions in Spain in recent years. In fact, Lola Solana, Head of Small Caps & ESG Equity Funds who runs the fund, has been recognized in three of the last four years with the award for the best Spanish equity manager, an award granted annually by the British agency Citywire.
Santander Small Caps thus joins one of the BME Growth listed companies with the greatest progression in liquidity. Its shares have reached a total of 15 million euros in the first quarter of 2021, that is, 29 percent above the figure for all transactions carried out in 2020. This has been reflected in its line of stock market growth, where its shares have been revalued by 22% since the beginning of 2021, continuing the upward trend of 2020 -89 percent-, and confirming the trend since its entry into BME Growth 16 months ago -442 percent revaluation-.
This incorporation by the Santander Small Caps fund comes a few days after the presentation of Izertis results in 2020, where the company announced a net profit of 5.4 times higher than the previous year, in a year marked by the economic crisis caused for the coronavirus. At the same time, it generated a turnover of 50.7 million euros, ratified by a normalized Ebitda of 5.3 million, an increase of 260 percent in its cash and equivalents position and a reduction in net financial debt of 31 percent.
At the close of the market, the president of Izertis, Pablo Martín, has declared that "the incorporation of such a prestigious asset management institution into the shareholders is another sign of the market's confidence in Izertis' strategy and its long-term growth plan."