sur GSG GROUP S.A. (isin : LU0251710041)
CPI Property Group Initiates Share Buy-Back Programme
CPI Property Group has announced the initiation of a share buy-back offer, as part of a programme approved by its shareholders on 31 May 2023. The Luxembourg-based real estate company plans to repurchase up to 185,000,000 shares, with the option of canceling them through a capital reduction process.
The offer is open to shareholders holding fully paid-up CPIPG shares as of 11 December 2024. The buy-back price is set at EUR 0.794 per share. If the number of shares offered exceeds the 185 million limit, a pro rata system will be applied. The offer requires a minimum of 10 million shares to be tendered for validity.
Participants must submit their Participation Forms electronically or by post by 17 December 2024, 14:00 CET. The share transfer agreements will be completed by 18 December 2024, with payments by 19 December 2024.
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