SWEF: Share buy-back engagement (1401117)
19 Juillet 2022 - 12:13PM
UK Regulatory
Starwood European Real Estate Finance Ltd (SWEF) SWEF: Share
buy-back engagement 19-Jul-2022 / 11:13 GMT/BST Dissemination of a
Regulatory Announcement that contains inside information according
to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The
issuer is solely responsible for the content of this
announcement.
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Starwood European Real Estate Finance Limited
Share buy-back engagement
The Board of Directors (the "Board") of Starwood European Real
Estate Finance Limited (the "Company") (ticker: SWEF) is pleased to
announce that it has engaged Jefferies International Limited as
buy-back agent to effect share buy backs on behalf of the Company
(the "Engagement").
Pursuant to and during the term of the Engagement, the Company's
buy-back agent may effect on-market purchases of ordinary shares of
1p nominal value (the "Shares") from time to time provided that the
maximum price payable for a Share on the Main Market of the London
Stock Exchange plc (the "Exchange") is an amount equal to the
higher of: a. 105 per cent. of the average market value of the
Company's Shares as derived from the London StockExchange Daily
Official List for the five business days immediately preceding the
day on which such Share iscontracted to be purchased; or b. the
higher of the price of the last independent trade and the highest
current bid stipulated by Article 3(2) of the Commission Delegated
Regulation (EU/2016/1052) .
Share buy-backs under the Engagement will be made pursuant to
the authority granted to the Company at its general meeting held on
10 June 2022. A buy-back of Shares pursuant to the Engagement on
any trading day may represent a significant proportion of the daily
trading volume in the Shares on the Exchange (and could exceed the
25% limit of the average daily trading volume of the preceding 20
business days as referred to in the Commission Delegated Regulation
(EU) No. 2016/1052 on buy-back programmes).
The Company will announce any market repurchase of Shares no
later than 7.30 a.m. on the business day following the calendar day
on which the repurchase occurred. To the extent permitted by law,
Shares bought back under the Engagement will be held in
Treasury.
For further information, please contact:
Apex Fund and Corporate Services (Guernsey) Limited as Company
Secretary
+44 (0) 203 5303 630
Duke Le Prevost
Starwood Capital
+44 (0) 20 7016 3655
Duncan MacPherson
Jefferies International Limited
+44 (0) 20 7029 8000
Neil Winward
Gaudi Le Roux
Buchanan
+44 (0) 20 7466 5000
Helen Tarbet
Henry Wilson
Hannah Ratcliff Notes:
Starwood European Real Estate Finance Limited is an investment
company listed on the main market of the London Stock Exchange with
an investment objective to provide Shareholders with regular
dividends and an attractive total return while limiting downside
risk, through the origination, execution, acquisition and servicing
of a diversified portfolio of real estate debt investments in the
UK and the wider European Union's internal market.
www.starwoodeuropeanfinance.com.
The Group is the largest London-listed vehicle to provide
investors with pure play exposure to real estate lending.
The Group's assets are managed by Starwood European Finance
Partners Limited, an indirect wholly-owned subsidiary of the
Starwood Capital Group.
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ISIN: GG00B79WC100
Category Code: MSCH
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
OAM Categories: 2.4. Acquisition or disposal of the issuer's own shares
Sequence No.: 175737
EQS News ID: 1401117
End of Announcement EQS News Service
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July 19, 2022 06:13 ET (10:13 GMT)
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