DGAP-News: Aroundtown SA / Key word(s): Share Buyback/Real Estate
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AROUNDTOWN ANNOUNCES RESULT OF PUBLIC SHARE PURCHASE OFFER TO BUY BACK OWN SHARES
21 September 2020.
Aroundtown SA (the "Company" or "AT"), hereby announces that as part of the Offer Document published on 2 September 2020 on the website of the Company, 121,330,106 shares of the Company have been offered for buy-back within the purchase price range of EUR 4.60 up to EUR 5.00 upon expiry of the acceptance period on 16 September 2020, 24.00 (CET).
The Company has determined the number of shares for which it accepts valid tenders received to 121,330,106 (the "Final Offer Volume").
As the total number of shares for which the offer has been accepted is below the minimum offer volume of 125,000,000 shares, the Finale Purchase Price according to section 2.2 of the Offer Documents is equal to the highest price (within the purchase price range of EUR 4.60 up to EUR 5.00) set forth in any of the tenders received. Therefore, on this basis the tender result for the Final Purchase Price is €5 per share.
The buyback program as announced on 2 June 2020 continues to run and will be adjusted to a maximum volume €393.3 million (from €500 million), maintaining the size of the two combined programs at €1 billion as a result of the amount repurchased under the public share purchase offer.
Aroundtown SA (ISIN: LU1673108939) is a public limited liability company (société anonyme) established under the laws of the Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under number B217868, having its registered office at 40, Rue du Curé, L-1368 Luxembourg, Grand Duchy of Luxembourg.
T: +352 288 313
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THESE MATERIALS DO NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF THE COMPANY IN THE UNITED STATES, GERMANY OR ANY OTHER JURISDICTION.
THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF AROUNDTOWN SA. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF FACTORS.
21.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
40, Rue du Curé
Grand Duchy of Luxembourg
+352 288 313
LU1673108939, XS1227093611, XS1336607715, XS1403685636, XS1449707055, XS1532877757, XS1540071724, XS1586386739, XS1649193403, XS1700429308, XS1715306012, XS1761721262, XS1815135352, XS1753814141, CH0398677689, XS1857310814
A2DW8Z, A1Z07A, A18V71, A180VY, A1839S, A1899S, A19LQR, A19QUX, A19Q3W, A19VK9, A19Z76, A19U7Q
MDAX, MSCI, STOXX Europe 600, S&P 350, FTSE EPRA/NAREIT, GPR 250
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Stuttgart; Dublin, Luxembourg Stock Exchange, SIX
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