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Aroundtown S.A. Capital/Financing Update 2020
6213_rns_2020-09-21_d796f863-cd7a-4d4f-a2d3-cb072a30db90.html
Capital/Financing Update
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Other Capital Market Information | 21 September 2020 14:58
Aroundtown SA: Release of a capital market information
Aroundtown SA / Announcement pursuant to Art. 2(1) sub-para. 2 of Delegated Regulation (EU) 2016/1052 / Update of total purchase price for Share Buy-Back Programme 2020
21.09.2020 / 14:58
Dissemination of a Post-admission Duties announcement transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Announcement pursuant to Art. 2(1) sub-para. 2 of Delegated Regulation (EU) 2016/1052 / Update of total purchase price for Share Buy-Back Programme 2020
Luxembourg, 21 September 2020
On June 2, 2020, the Board of Directors of Aroundtown SA (the ‘ Company ‘) has resolved to carry out a share buy-back programme with a volume of up to 120,000,000 shares of the Company (ISIN: LU 1673108939) for a total purchase price (excluding incidental costs) of up to EUR 500 million (‘ Share Buy-Back Programme 2020 ‘).
In addition, on 1 September 2020 the Board of Directors of the Company resolved to execute a public share purchase offer relating to the shares of the Company (‘ Buyback Offer ‘) and announced that the total purchase price for both, the Share Buy-Back Programme 2020 and the Buyback Offer, shall amount to up to EUR 1 billion. In the course of the public share buy-back offer for the acquisition of own shares of Company, an amount of EUR 606.7 million was paid to purchase own shares from offering shareholders. Accordingly, the total purchase price under the Share Buy-Back Programme 2020 (excluding incidental costs) is reduced to an amount of up to EUR 393.3 million
21.09.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Aroundtown SA |
| 40, Rue du Curé | |
| L-1368 Luxembourg | |
| Grand Duchy of Luxembourg | |
| Internet: | http://www.aroundtown.de |
| End of News | DGAP News Service |