CPI PROPERTY GROUP, LU0251710041

CPI PROPERTY GROUP / LU0251710041

07.12.2023 - 18:02:50

CPI PROPERTY GROUP – Completion of the Share Buy-back Offer

CPI PROPERTY GROUP / Key word(s): Share Buyback


07.12.2023 / 18:02 CET/CEST
The issuer is solely responsible for the content of this announcement.


CPI Property Group
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254                                                                                                                             

Press Release - Corporate News

Luxembourg, 7 December 2023



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.
The issuer is solely responsible for the content of this announcement.

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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

 
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