Distrito Castellana Norte, S.A. announced that it will issue 67,242 common shares at an issue price of 300.51 for the gross proceeds of 20,206,893 on April 8, 2021. The transaction will include participation from returning investors, Inverahorro, S.L. for 50,795 shares, Desarrollos Urbanísticos Udra, S.A.U. for 6,724 shares and MERLIN Properties SOCIMI, S.A. (BME:MRL) for 9,723 shares. The shares will be issued at par at nominal value of 300.51. The transaction was approved by shareholders of the company in its extraordinary general meeting. The capital of the company will increase from 175,853,042.82 to 196,059,936.24 and shares would increase from 585,183 to 652,424, both inclusive, upon closing. The investors are granted the preferential subscription right over a number of shares proportional to the nominal value of the shares they hold for a period of one month from the date of announcement. The new shares will be subject to the regime of restriction to the free transferability of the shares provided for in article 9 of the company bylaws in the same terms as previously existing shares.