EQS-News: CPI PROPERTY GROUP
/ Key word(s): Share Buyback
CPI Property Group Luxembourg, 7 December 2023 CPI PROPERTY GROUP - Completion of the Share Buy-back Offer On 20 November 2023, CPI PROPERTY GROUP ("CPIPG" or the "Company") announced the intention to purchase up to 105,000,000 shares under CPIPG's share buy-back programme (the "Offer"). On 30 November 2023 the Company announced that at the closing of the Offer period, shareholders of the Company presented a total of 85,327,468 shares for tender (the "Tendered Shares"). The Company now announces the completion of the acquisition of 85,327,468 Tendered Shares for an aggregate price of EUR 79,525,200.18 (or EUR 0.932 per Tendered Share). CPIPG intends to cancel the Tendered Shares through a share capital reduction at the next general meeting. Of the total, 84,227,468 shares were tendered by Clerius Properties (Apollo), with 1,100,000 tendered by management. CPIPG's primary shareholder, Radovan Vitek, did not tender any shares. As a result of these transactions, the Company has acquired on 6 December 2023 own shares not exceeding 5% of the voting rights. As of 6 December 2023, the Company directly holds 85,327,468 own shares, which represent approx. 0.98% of the total 8,704,850,259 shares outstanding. In addition, the Company's indirect subsidiary, Pietroni, holds 67,000,000 Company shares (0.77% of the total shares outstanding). On a consolidated basis, the Company holds and controls 152,327,468 own shares which represent approximatley 1.75% of the total 8,704,850,259 shares outstanding. The voting rights attached to the 152,327,468 own shares are suspended. For further information, please contact: Investor Relations Moritz Mayer m.mayer@cpipg.com For more on CPI Property Group, visit our website: www.cpipg.com Follow us on X (CPIPG_SA) and LinkedIn 07.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | CPI PROPERTY GROUP |
| 40, rue de la Vallée | |
| L-2661 Luxembourg | |
| Luxemburg | |
| Phone: | +352 264 767 1 |
| Fax: | +352 264 767 67 |
| E-mail: | contact@cpipg.com |
| Internet: | www.cpipg.com |
| ISIN: | LU0251710041 |
| WKN: | A0JL4D |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart |
| EQS News ID: | 1792499 |
| End of News | EQS News Service |
1792499 07.12.2023 CET/CEST
© 2023 EQS Group
