DGAP-News: CPI PROPERTY GROUP / Key word(s): Share Buyback CPI PROPERTY GROUP - Completion of Share Buy-Back Offer 2021-02-26 / 19:33 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, 26 February 2021 CPI PROPERTY GROUP - Completion of Share Buy-Back Offer 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. About 94% of Tendered Shares were tendered by Company's primary shareholder, Radovan Vitek (350,500,000 shares) and the Company's subsidiary CPI FIM SA (252,302,248 shares). The rest of the tenders were from management and third parties. As a result of these transactions, the Company has acquired own shares exceeding 5% of the voting rights and makes this announcement in accordance with Article 13 of the Luxembourg Transparency Law. As of 26 February 2021, the Company directly holds 641,658,176 own shares, which represent 7.42% of the total 8,651,716,331 shares outstanding. In addition, the Company's indirect subsidiary, Pietroni, holds 67,000,000 Company shares (0.77% of the total shares outstanding). On a consolidated basis, the Company holds and controls 708,658,176 own shares which represent 8.19% of the total 8,651,716,331 shares outstanding. The voting rights attached to the 708,658,176 own shares are suspended. 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 =---------------------------------------------------------------------------------------------------------------------- 2021-02-26 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: 1171747 End of News DGAP News Service =------------
1171747 2021-02-26
(END) Dow Jones Newswires
February 26, 2021 13:35 ET (18:35 GMT)