UNIBAIL-RODAMCO SE: announces a share buy-back programme
(Thomson Reuters ONE) -
Paris, Amsterdam, August 14, 2017
Press Release
Unibail-Rodamco SE announces a share buy-back programme of up to 750 million
euros.
The Management Board of Unibail-Rodamco SE, pursuant to the authorization
granted by the Annual General Meeting of April 25, 2017, has decided to
implement a programme to repurchase shares of Unibail-Rodamco SE for an
aggregate amount of up to 750 million euros (excluding costs and fees).
The repurchase programme is expected to run until October 10, 2017 and will be
executed in compliance with the EU Regulation of 16 April 2014 on market abuse
and the French financial markets Authority regulation.
All repurchased shares will be canceled in accordance with Article L. 225-209 of
the French Commercial Code.
As the execution of this opportunistic repurchase programme will depend on
market conditions, the full amount may not be reached. The programme does not
affect the Company's level of comfort for its loan-to-value ratio of around 40%.
For further information, please contact:
Investor Relations
Aurélia Baudey-Vignaud
+33 1 76 77 58 02
aurelia.baudey-vignaud(at)unibail-rodamco.com
Media Relations
Pauline Duclos-Lenoir
+33 1 76 77 57 94
pauline.duclos-lenoir(at)unibail-rodamco.com
About Unibail-Rodamco
Created in 1968, Unibail-Rodamco SE is Europe's largest listed commercial
property company, with a presence in 11 EU countries, and a portfolio of assets
valued at ?40.5 billion as of December 31, 2016. As an integrated operator,
investor and developer, the Group aims to cover the whole of the real estate
value creation chain. With the support of its 1,990 professionals, Unibail-
Rodamco applies those skills to highly specialised market segments such as large
shopping centres in major European cities and large offices and convention &
exhibition centres in the Paris region.
The Group distinguishes itself through its focus on the highest architectural,
city planning and environmental standards. Its long term approach and
sustainable vision focus on the development or redevelopment of outstanding
places to shop, work and relax. Its commitment to environmental, economic and
social sustainability has been recognised by inclusion in the FTSE4Good and
STOXX Global ESG Leaders indexes.
The Group is a member of the CAC 40, AEX 25 and EuroSTOXX 50 indices. It
benefits from an A rating from Standard & Poor's and Fitch Ratings.
For more information, please visit our website: www.unibail-rodamco.com
UR SE share buy back programme:
http://hugin.info/136618/R/2126946/812166.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: UNIBAIL-RODAMCO SE via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 14.08.2017 - 08:30 Uhr
Sprache: Deutsch
News-ID 556336
Anzahl Zeichen: 3541
contact information:
Town:
PARIS Cedex 16
Kategorie:
Business News
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