CPD S.A. commences an Equity Buyback Plan for 8,700,000 shares, under the authorization approved on February 28, 2019.
February 27, 2019
Share
CPD S.A. (WSE:CPD) commences share repurchases on February 28, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 28, 2019. As per the mandate, the company is authorized to repurchase up to 8,700,000 shares. The shares will be repurchased at a minimum price of PLN 11 per share and at a maximum price of PLN 15 per share. The shares repurchased will be cancelled. The authorization will be valid till January 31, 2021.
CPD SA, formerly Celtic Property Developments SA, is a Poland-based company that is active in the real estate sector. The Company with its subsidiaries concentrates on on development projects in the market segment of offices and apartments. Its activities include the purchase of lands, on which It constructs apartments or offices, the purchase of existing real properties with a potential for creation of additional value by change of their intended usage, improving of their standard or optimization of their area. The Company has offices in Warsaw, London, Milan and Budapest. It also possesses commercial and residential properties in Montenegro and Hungary. It operates through a number of subsidiaries and sub-subsidiaries, which are based in Sweden, Cyprus, the United Kingdom, Hungary, Italy and Poland.
CPD S.A. 
