Renta Corporaci?n Real Estate, S.A. commences an Equity Buyback Plan, under the authorization approved on April 21, 2021.
September 20, 2021
Share
Renta Corporaci?n Real Estate, S.A. (BME:REN) commences share repurchases on September 10, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 21, 2021. As per the mandate, the company is authorized to repurchase its own shares.
On September 9, 2021, the company announced a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing approximately 1.21% of its share capital for ?1 million. The purpose of the program is to allow the company to fulfil the obligations deriving from current remuneration programs which consist in the award of company shares to employees and directors of the company. The program will commence on September 10, 2021, and will remain in force until November 30, 2021.
Renta Corporacion Real Estate SA is a Spain-based company engaged in the real estate sector. The Company main activities comprise the acquisition, rehabilitation and sale of real estate properties in central locations of major cities. Its properties portfolio includes residential and urban buildings, as well as offices and large-scale property complexes. The Company is a parent of Grupo Renta Corporacion, a group which comprises such entities as Renta Corporacion Real Estate Finance SL, RC Real Estate Deutschland GmbH, Renta Properties (UK) LTD and Medas Corporacion Sarl, among others. On March 27, 2013, the Company entered bankruptcy proceedings. In December 2013, the Commercial Court No. 9 9 declared that the common phase of the proceedings 203/2013, 204/2013, 205/2013 and 206/2013 of the Company, Renta Corporacion Real Estate Finance, Renta Corporacion Real Estate and Renta Corporacion Core Business, was completed. In July 2014, it emerged from insolvency.
RENTA CORPORACIÓN REAL ESTATE, S.A. 
