Home Invest Belgium S.A. commences an Equity Buyback Plan for 659,971 shares, representing 20% of its issued share capital, under the authorization approved on May 5, 2020.
December 23, 2021
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Home Invest Belgium S.A. (ENXTBR:HOMI) commences share repurchases on December 21, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 5, 2020. As per the mandate, the company is authorized to repurchase up to 659,971 shares, representing 20% of its issued share capital. The shares will be repurchased at a unit price that does not may be less than 65% of the closing share price,of the day preceding the date of the transaction (acquisition or pledge) and which cannot be greater than 135% of the share price closing of the day preceding the date of the transaction (acquisition or pledge). The program is valid for a period of 5 years. As of May 5, 2020, the company had 3,299,858 shares in issue.
On December 9, 2021, the company announced a share repurchase program. Under the program, the company will repurchase 16,000 shares for 2 million. The purpose of the buyback program is to fulfill the obligations arising from option programs or other allocations of shares to employees, managers or members of the control bodies of Home Invest Belgium SA, and more particularly, the incentive plan long-term plan for senior executives, in accordance with the remuneration policy and to with its commitments under the profit-sharing plans in the long term for, among others, the effective managers. The repurchases will take place from from December 10, 2021 to December 31, 2022.
Home Invest Belgium NV is a Regulated Real Estate Company that specializes in owning and managing residential real estate properties.
At the end of 2023, the real estate portfolio had a total area of 222,640 m2 and a market value of EUR 704.9 million, broken down by type of assets into residential assets (90.1%), offices (5.1%) and stores (4.8%).
Portfolio in value breaks down geographically as follows: Brussels (66.9%), Flanders (13.3%), Wallonia (10.5%), and the Netherlands (9.3%).
Home Invest Belgium S.A. commences an Equity Buyback Plan for 659,971 shares, representing 20% of its issued share capital, under the authorization approved on May 5, 2020.