Patrimoine & Commerce launches a share buyback program

Patrimoine & Commerce, specializing in low-cost retail parks, has announced the launch of a share buyback program authorized by the General Meeting of June 13, 2024. This program aims to purchase and cancel its own shares in order to reduce the share capital.

As of November 13, 2024, the company already held 58,759 shares, representing 0.37% of the capital. The legal and financial framework provides for the purchase of a maximum of 60,000 additional shares, or approximately 0.38% of the current capital. The purchase price of the shares is capped at 30 euros per share, for a total budget of 45.3 million euros.

The repurchase authorization extends until December 13, 2025. Patrimoine & Commerce has mandated Kepler Chevreux to execute these purchases. The acquired shares will be cancelled, thus reducing the share capital. The process strictly follows the regulations in force, ensuring transparency via weekly declarations available online.