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CPI Property Group - Results of Share Buy-back Offer

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DGAP-News: CPI PROPERTY GROUP / Key word(s): Share Buyback
22.02.2021 / 19:00
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, 22 February 2021

CPI Property Group - Results of Share Buy-back Offer

On 15 February 2021, CPI PROPERTY GROUP ("CPIPG" or the "Group") announced the intention to purchase up to 650,000,000 shares under CPIPG's share buy-back programme (the "Offer").

At the closing of the offer period, shareholders of the Company presented a total of 641,658,176 shares for tender. As anticipated, the vast majority of shares were tendered by the Group's primary shareholder, Radovan Vitek, and the Group's subsidiary, CPI FIM SA.

In line with the terms of the Offer, the Company anticipates the signing of share transfer agreements on 26 February 2021. The Company will announce the completion of the buyback upon the acquisition of the shares.

For further information please contact:

Investor Relations

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

Joe Weaver
Director of Capital Markets
j.weaver@cpipg.com

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


22.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

1170205


 

End of News

DGAP News Service

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