Arcona Property Fund N.V. update on share buyback
1 February 2023
Arcona Property Fund N.V. (the Fund) – a listed fund that invests in commercial real estate in Central Europe – has repurchased, in the period from January 26, 2023 to February 1, 2023, 2,494 ordinary shares of the Fund at an average price of EUR 5.76 per share. The total acquired amount in cash terms is EUR 14,368.
These shares have been acquired as part of the share buyback programme announced on September 14, 2022, for an amount of up to EUR 1.5 million. Under this programme, a total of 59,561 shares of the Fund have been acquired to date for a total amount of EUR 383,871.
The acquired shares will be cancelled in due course upon a resolution of the Shareholders' Meeting to reduce the Fund's capital. This share buyback funding allocation is part of a larger tranche of up to EUR 10 million, which the Fund, in consultation with shareholders, is aiming to return to shareholders in due course from the proceeds of the ongoing sales programme of non-core real estate assets.
Details can be found on the Fund's website www.arconapropertyfund.com.
This press release contains information that must be disclosed under the Market Abuse Regulation (EU) No 596/2014.
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Arcona Property Fund N.V. update on share buyback 1 February 2023 |
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