Put companies on watchlist
CPI PROPERTY GROUP
ISIN: LU0251710041
WKN: A0JL4D
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

CPI PROPERTY GROUP · ISIN: LU0251710041 · EQS - Company News (177 News)
Country: Luxembourg · Primary market: Luxembourg · EQS NID: 2053235
17 December 2024 06:01PM

CPI PROPERTY GROUP – Results of the Share Buy-back Offer


EQS-News: CPI PROPERTY GROUP / Key word(s): Share Buyback/Real Estate
CPI PROPERTY GROUP – Results of the Share Buy-back Offer

17.12.2024 / 18:01 CET/CEST
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, 17 December 2024

 

CPI PROPERTY GROUP – Results of the Share Buy-back Offer

 

On 12 December 2024, CPI PROPERTY GROUP (“CPIPG” or the “Company”) announced the intention to purchase up to 185,000,000 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 182,918,766 shares for tender at a price of €0.794 per share for a total of about €145 million.

 

While the Company's distribution policy calls for distributing 65% of consolidated FFO1 via share buybacks, for 2024 the distribution ratio was prudently reduced to 37% of FFO1. CPIPG has now cut the distribution ratio for three consecutive years as part of the Group’s efforts to reduce leverage.

 

Clerius Properties (Apollo) tendered about 137 million shares. Larnoya Invest, an entity associated with the Vitek Family Trust, tendered 41 million shares. The remainder was tendered by management.

 

In line with the terms of the Offer, the Company anticipates the signing of share transfer agreements on 18 December 2024. The Company will announce the completion of the buy-back upon the acquisition of the tendered shares.

 

 

For further information, please contact:

 

Investor Relations

Moritz Mayer

Manager, Capital Markets

m.mayer@cpipg.com
 

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

Follow us on X (CPIPG_SA) and LinkedIn



17.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: 2053235

 
End of News EQS News Service

2053235  17.12.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2053235&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - CPI PROPERTY GROUP
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.