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PATRIZIA AG
Transaction in Own Shares • Mar 18, 2020
322_rns_2020-03-18_a21df364-7fbe-4499-8ead-def9a0eb0995.html
Transaction in Own Shares
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News Details
Ad-hoc | 18 March 2020 17:54
PATRIZIA AG: PATRIZIA AG implements a share buy-back programme up to a total purchase price of EUR 50m
PATRIZIA AG / Key word(s): Share Buyback
PATRIZIA AG: PATRIZIA AG implements a share buy-back programme up to a total purchase price of EUR 50m
18-March-2020 / 17:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
18.03.2020
PATRIZIA AG implements a share buy-back programme up to a total purchase price of EUR 50m
The Management Board of PATRIZIA AG has decided to implement a share buy-back programme with the approval of the Supervisory Board. By making use of the authorisation granted by resolution of the Annual General Meeting of 20 June 2018, the Company will acquire treasury shares via the stock
exchange in the period from 19 March 2020 to 31 December 2020 at the latest up to a total purchase price (excluding incidental costs) of up to EUR 50m.
Based on the current share price (EUR 17.12, XETRA closing price on 17 March 2020), this is
equivalent to up to 2,920,561 shares or up to 3.16% of the share capital. The share buy-back
programme will be carried out under the leadership of a bank, which will make its decisions on the time of acquisition of the shares independently of and uninfluenced by PATRIZIA AG.
The treasury shares to be acquired as a result of the share buy-back programme may be used for all legally permitted purposes, in particular also as (partial) consideration within the scope of business combinations or for the acquisition of companies, interests in companies or parts of companies. The share buy-back programme is financed from available liquidity, which has again increased significantly compared to the previous year (EUR 506.9m) to EUR 607.0m as at 31 December 2019.
Contact:
Martin Praum
Head of Investor Relations
Phone: +49 821 50910-402
18-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | PATRIZIA AG |
| Fuggerstraße 26 | |
| 86150 Augsburg | |
| Germany | |
| Phone: | +49 (0)821 – 509 10-000 |
| Fax: | +49 (0)821 – 509 10-999 |
| E-mail: | [email protected] |
| Internet: | www.patrizia.ag |
| ISIN: | DE000PAT1AG3 |
| WKN: | PAT1AG |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1001161 |
| End of Announcement | DGAP News Service |