UNIBAIL-RODAMCO SE: announces a share buy-back programme
14 Août 2017 - 08:30AM
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@unibail-rodamco.com
Media
Relations
Pauline Duclos-Lenoir
+33 1 76 77 57 94
pauline.duclos-lenoir@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
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