PATRIZIA IMMOBILIEN AG (FRA:P1Z) PATRIZIA AG: PATRIZIA AG implements a share buy-back programme up to a total purchase price of EUR 50m
Transparency directive : regulatory news
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DGAP-Ad-hoc: PATRIZIA AG / Key word(s): Share Buyback 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 Based on the current share price (EUR 17.12, XETRA closing price on 17 March 2020), this is 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 investor.relations@patrizia.ag
18-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | investor.relations@patrizia.ag |
| 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 |
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1001161 18-March-2020 CET/CEST