DGAP-News: CPI PROPERTY GROUP - Completion of Share Buy-Back Offer
CPI PROPERTY GROUP - Completion of Share Buy-Back Offer
26.02.2021 / 19:33
CPI Property Group
L-2661 Luxembourg
Press Release
On 15 February 2021, CPI PROPERTY GROUP (
CPIPG or the
Company ) announced the intention to purchase up to 650,000,000 shares under CPIPG s share buy-back programme (the
Offer ). On 22 February 2021 the Company announced that at the closing of the Offer period, shareholders of the Company presented a total of 641,658,176 shares for tender (the
Tendered Shares ).
Today, CPIPG completed the Offer and purchased a total of 641,658,176 Tendered Shares for an aggregate amount of EUR 395,261,436 (or EUR 0.616 per Tendered Share). CPIPG intends to cancel the Tendered Shares through a share capital reduction. In this respect, the Company shall convene a general meeting of shareholders to resolve on the cancellation of these Tendered Shares.