Liquidity enhancement program concluded: treasury shares sold
September 07, 2020 at 05:00 am EDT
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7 September 202010:37
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Liquidity enhancement program concluded: treasury shares sold
In light of the resolution approved during the Ordinary Shareholders' Meeting held on 11 June 2020 which revoked the prior authorization granted on 10 April 2019 for the purchase of treasury shares, Immobiliare Grande Distribuzione SIIQ S.p.A.'s liquidity enhancement program was terminated and, therefore, the contract with the broker Kepler Cheuvreux SA, which expired on 4 September 2020, was not renewed.
More detail, in the period 1 September 2020 through 2 September 2020 the broker Kepler Cheuvreux SA sold all the shares acquired previously as part of the program on the Italian Mercato Telematico Azionario.
The details of the above mentioned transactions are attached.
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IGD SIIQ S.p.A. published this content on 07 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2020 08:59:02 UTC
Immobiliare Grande Distribuzione SIIQ SpA, formerly Immobiliare Grande Distribuzione Societa di Investimento Immobiliare Quotata SpA, is an Italy-based company engaged in the real estate sector. The Company is primarily active in the property purchase, development, management and leasing. Additionally, it provides various services related to real estate sector, including promotion of newly opened, expanded or restructured centers; rotation of existing retailers, and facility management services, such as security, cleaning and ordinary maintenance. As of December 31, 2011, the Companyâs portfolio consisted of properties in Italy, including 19 hypermarkets and supermarkets, 19 shopping malls and retail parks, one city center property, four plots of land for direct development, one asset held for trading and 7 others, and properties in Romania, including 15 shopping centers and one office building. It operates through Punta di Ferro Srl.