Press Release

Announcement by MAB in relation to LET'S GOWEX

6 July, 2014

Following the recent developments that have taken place in connection with LET’S GOWEX, MAB:

  • Provides capital for growth companies in times of difficult financing and expansion conditions for a large number of companies. Since the start of the market, more than fifty capital increase operations have been carried out by the companies listed on it, through which they have raised close to 200 million euros to fund their projects.
  • Emphasises that MAB comprises 23 enterprises, members, registered advisers and a broad community of investors. The regulations and disclosure procedures of MAB are suited to the characteristics of these companies and meet the needs of investors and other market participants.
  • Informs that all the regulations and their development are aligned with similar markets in other neighbouring countries.
  • It considers that the personal actions and grave irregularities that have been made public with regards to LET’S GOWEX cannot cast doubt on MAB, a reality indispensable for the Spanish financial system and its business fabric.
  • Is carrying out all the necessary initiatives to provide all the participants in the MAB market with detailed information about the developments that have affected LET’S GOWEX, is cooperating with all the relevant authorities to clarify the facts and their consequences and makes available for the public all the information in its power.
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