EQS-News: CPI PROPERTY GROUP – Completion of the Share Buy-back Offer 30.11.2022, 09:22 Uhr von EQS News Jetzt kommentieren: 0

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EQS-News: CPI PROPERTY GROUP / Key word(s): Share Buyback
CPI PROPERTY GROUP – Completion of the Share Buy-back Offer

30.11.2022 / 09:22 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, 30 November 2022

 

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

On 9 November 2022, CPI PROPERTY GROUP (“CPIPG” or the “Company”) announced the intention to purchase up to 200,000,000 shares under CPIPG’s share buy-back programme (the "Offer"). On 22 November 2022, the Company announced that at the closing of the Offer period, shareholders of the Company presented a total of 198,057,539 shares for tender. Due to a technical issue, an additional 7,500 shares were also subsequently admitted to the Offer.  Accordingly, the final number of shares tendered in the buy-back was 198,065,039 shares (the "Tendered Shares").

The Company now announces the completion of the acquisition of 198,065,039 Tendered Shares for an aggregate price of EUR 190,340,502.48 (or EUR 0.961 per Tendered Share).  CPIPG intends to cancel the Tendered Shares through a share capital reduction at the next general meeting.

Of the total, 184,587,371 shares were tendered by Larnoya Invest, a company owned by CPIPG's primary shareholder, Radovan Vitek, for an aggregate price of EUR 177,388,463.53. This transaction represents a related party transaction for the purposes of the Shareholders Rights Directive II.  Consistent with past practice, CPIPG expects that a meaningful portion of the cash received by Mr. Vitek will be used to repay shareholder loans drawn since the Company’s last share buy-back was conducted in February 2021. The rest of the shares were tendered primarily by Clerius Properties (Apollo), with a small amount tendered by management and a minority shareholder.

As a result of these transactions, the Company has acquired own shares not exceeding 5% of the voting rights. As of 29 November 2022, the Company directly holds 198,065,039 own shares, which represent approx. 2.22% of the total 8,902,915,298 shares outstanding. In addition, the Company’s indirect subsidiary, Pietroni, holds 67,000,000 Company shares (0.75% of the total shares outstanding). On a consolidated basis, the Company holds and controls 265,065,039 own shares which represent approx. 2.98% of the total 8,902,915,298 shares outstanding. The voting rights attached to the 265,065,039 own shares are suspended.


Investor Relations

David Greenbaum
Chief Financial Officer
d.greenbaum@cpipg.com

Moritz Mayer
Manager – Capital Markets
m.mayer@cpipg.com


For more on CPI Property Group, visit our website: www.cpipg.com



30.11.2022 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.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 1501383

 
End of News EQS News Service

1501383  30.11.2022 CET/CEST

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Dis­clai­mer: Die hier an­ge­bo­te­nen Bei­trä­ge die­nen aus­schließ­lich der In­for­ma­t­ion und stel­len kei­ne Kauf- bzw. Ver­kaufs­em­pfeh­lung­en dar. Sie sind we­der ex­pli­zit noch im­pli­zit als Zu­sich­er­ung ei­ner be­stim­mt­en Kurs­ent­wick­lung der ge­nan­nt­en Fi­nanz­in­stru­men­te oder als Handl­ungs­auf­for­der­ung zu ver­steh­en. Der Er­werb von Wert­pa­pier­en birgt Ri­si­ken, die zum To­tal­ver­lust des ein­ge­setz­ten Ka­pi­tals füh­ren kön­nen. Die In­for­ma­tion­en er­setz­en kei­ne, auf die in­di­vi­du­el­len Be­dür­fnis­se aus­ge­rich­te­te, fach­kun­di­ge An­la­ge­be­ra­tung. Ei­ne Haf­tung oder Ga­ran­tie für die Ak­tu­ali­tät, Rich­tig­keit, An­ge­mes­sen­heit und Vol­lständ­ig­keit der zur Ver­fü­gung ge­stel­lt­en In­for­ma­tion­en so­wie für Ver­mö­gens­schä­den wird we­der aus­drück­lich noch stil­lschwei­gend über­nom­men. Die Mar­kets In­side Me­dia GmbH hat auf die ver­öf­fent­lich­ten In­hal­te kei­ner­lei Ein­fluss und vor Ver­öf­fent­lich­ung der Bei­trä­ge kei­ne Ken­nt­nis über In­halt und Ge­gen­stand die­ser. Die Ver­öf­fent­lich­ung der na­ment­lich ge­kenn­zeich­net­en Bei­trä­ge er­folgt ei­gen­ver­ant­wort­lich durch Au­tor­en wie z.B. Gast­kom­men­ta­tor­en, Nach­richt­en­ag­en­tur­en, Un­ter­neh­men. In­fol­ge­des­sen kön­nen die In­hal­te der Bei­trä­ge auch nicht von An­la­ge­in­te­res­sen der Mar­kets In­side Me­dia GmbH und/oder sei­nen Mit­ar­bei­tern oder Or­ga­nen be­stim­mt sein. Die Gast­kom­men­ta­tor­en, Nach­rich­ten­ag­en­tur­en, Un­ter­neh­men ge­hör­en nicht der Re­dak­tion der Mar­kets In­side Me­dia GmbH an. Ihre Mei­nung­en spie­geln nicht not­wen­di­ger­wei­se die Mei­nung­en und Auf­fas­sung­en der Mar­kets In­side Me­dia GmbH und de­ren Mit­ar­bei­ter wie­der. Aus­führ­lich­er Dis­clai­mer