Brack Capital Real Estate Inv N.V Share buyback programme (9158E)
23 Octubre 2018 - 6:30AM
UK Regulatory
TIDMBCRE
RNS Number : 9158E
Brack Capital Real Estate Inv N.V
23 October 2018
This announcement contains inside information within the meaning
of the Market Abuse Regulation (EU) (No 596/2014).
23 October 2018
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Share buyback programme
Following the Company's previous share buyback programme which
commenced in July 2018, under which no shares of the Company were
purchased, the Board will offer a new share buyback programme up to
a maximum of EUR2,000,000. The Company intends to cancel the shares
upon repurchase. The new share buyback programme will commence on
24 October 2018 or shortly after and is expected to be completed on
or before 31 December 2018.
The new share buyback programme will be executed by the Board
within the limitations of the authority granted by the Annual
General Meeting of the Company on 7 June 2018. Shares may be
repurchased in the market or in private transactions at a price
which is around the prevailing stock price at the time of the
transaction. The Company will not make repurchases of Shares during
any period when the Board is aware of inside information until such
information has been publicly disclosed. Due to the generally low
trading volume of the Shares, repurchases of Shares under the share
buyback programme on any trading day will likely represent a
significant proportion of the daily trading volume in the
Shares.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments
N.V.
Nansia Koutsou, Co-Chief Executive Officer
Shai Shamir, Co-Chief Executive Officer
Yiannis Peslikas, Chief Financial Officer +31 20 514 1004
Novella Communications
Tim Robertson
Toby Andrews +44 203 151 7008
About BCRE
BCRE is an international real estate development and investment
group, headquartered in the Netherlands and listed on the London
Stock Exchange. Through its subsidiary and associated undertakings,
the Company is interested in, develops and operates an
international portfolio of real estate assets in the markets it
operates.
The Company has established local management team platforms with
significant local market expertise. At present, the Company has
offices and teams in New York, Moscow, Amsterdam and Limassol.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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