Merlin Properties has set the issue price for the placement of approximately 10% of its capital at 13.64 euros per share, totaling 767.6 million euros, to fund the third phase of its data centre plan. This price matches the last closing price of Merlin shares on Wednesday, meaning the shares were issued without a discount, according to a statement to the Securities Market Commission (CMVM). Of this amount, one euro represents the nominal value and 12.64 euros the share premium. Following the capital increase, Banco Santander and Nortia will hold stakes of 24.71% and 8.5%, respectively, in Merlin's share capital. The capital increase, as reported by Efe, was carried out through a private placement exclusively for qualified investors, involving the issuance of 56,275,101 new shares. Banco Santander and Nortia participated in the operation, subscribing to 13,904,917 and 6,625,801 shares, respectively. The three entities have committed to a 60-day lock-up period from the date of execution and capital increase. The shares are expected to be admitted today to the Barcelona, Bilbao, Madrid, and Valencia stock exchanges and are set to begin trading on the Spanish exchanges on Friday. Following admission in Spain, these new shares are also expected to be admitted for trading on the Euronext Lisbon regulated market. Merlin Properties is cutting executive salaries by 25% and evaluating dividends.