GRAND CITY PROPERTIES S.A.
DGAP-Ad-hoc: Grand City Properties S.A. / Key word(s): Share Buyback/Real Estate
Grand City Properties S.A. resolves on share buy-back program with a volume of up to 200 million euro
15-March-2021 / 07:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE AD-HOC RELEASE.
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014
Grand City Properties S.A. resolves on share buy-back program with a volume of up to 200 million euro
Luxembourg, 15 March 2021 - The Board of Directors of Grand City Properties S.A. (the "Company") has resolved today on
a share buy-back program. The buy-back program will be implemented by buying back shares on the stock exchange by the
Company or a subsidiary of the Company. The volume of the proposed buy-back program will amount to up to 200 million
euros and will be limited to a maximum of 10 million shares in the Company. The program shall start on 16 March 2021
and shall be finalized by 31 December 2021 at latest. The acquired shares in the Company may be used in accordance with
the authorisation resolved by the Annual General Meeting of the Company held on 24 June 2020.
Contact:
Grand City Properties S.A.
1, Avenue du Bois
L-1251 Luxemburg
T: +352 28 77 87 86
E: info@grandcity.lu
www.grandcityproperties.com
Press Contact:
Katrin Petersen
Grand City Properties S.A.
T: +49 (30) 374-381 5218
E: katrin.petersen@grandcity.lu
Disclaimer
This release may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. This
release is not directed to or intended for distribution to or use by, any person or entity that is a citizen or
resident or located in any locality, state, country or other jurisdiction where such distribution, publication,
availability or use would be contrary to law or regulation or which would require any registration or licensing within
such jurisdiction.
Neither this release nor its content may be published, dispatched, distributed or disseminated to or within the United
States of America, and in each case neither by means of utilization of any postal service nor by any other means or
instruments of business communication between single states or foreign trade or any facilities of a national stock
exchange of the United States of America. This includes, among others, submission by fax, electronic post, telex,
telephone and the internet. Copies of this release or any other documents related to this release may also not be
distributed or submitted to or within the United States of America.
This announcement is for informational purposes only and constitutes neither an invitation to sell, nor an offer to
purchase, securities. The final terms and further provisions regarding the public tender offer will be disclosed in the
offer document. Investors and holders of securities of the Company are strongly recommended to read the offer document
and all announcements in connection with the public tender offer as soon as they are published, since they will contain
important information.
To the extent any announcements in this document contain forward-looking statements, such statements do not represent
facts and are characterized by the words "will", expect", "believe", "estimate", "intend", "aim", "assume" or similar
expressions. Such statements express the intentions, opinions or current expectations and assumptions of the Company.
Such forward-looking statements are based on current plans, estimates and forecasts, which the Company has made to the
best of its knowledge, but which it does not claim to be correct in the future. Forward-looking statements are subject
to risks and uncertainties that are difficult to predict and usually cannot be influenced by the Company. These
expectations and forward-looking statements can turn out to be incorrect and the actual events or consequences may
differ materially from those contained in or expressed by such forward-looking statements. The Company does not assume
an obligation to update the forward-looking statements with respect to the actual development of incidents, basic
conditions, assumptions or other factors.
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15-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and
Press Releases.
Archive at www.dgap.de
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Language: English
Company: Grand City Properties S.A.
1, Avenue du Bois
1251 Luxembourg
Luxemburg
Phone: +352 28 77 87 86
Fax: +352 28 77 87 84
E-mail: info@grandcity.lu
Internet: grandcityproperties.com
ISIN: LU0775917882, XS1130507053, XS1191320297, XS1220083551, XS1491364953, XS1373990834, XS1654229373,
XS1811181566, XS1706939904, XS1763144604, XS1781401085, CH0401956872
WKN: A1JXCV , A1ZRRK, A1ZW4K, A1ZZ49, A186BF, A18YJ1, A19ZQE, A19MBW, A1V4P0, A19WVU, A19WU2
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Dublin, Luxembourg Stock Exchange, SIX
EQS News ID: 1175440
End of Announcement DGAP News Service
=------------ 1175440 15-March-2021 CET/CEST
(END) Dow Jones Newswires
March 15, 2021 02:52 ET (06:52 GMT)
