S IMMO AG commences an Equity Buyback Plan for 7,052,410 shares, representing 10% of its issued share capital, under the authorization approved on June 1, 2022.
December 30, 2023
Share
S IMMO AG (WBAG:SPI) commences share repurchases on October 3, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 1, 2022. As per the mandate, the company is authorized to repurchase up to 7,052,410, representing 10% of its issued share capital. The price to be paid per share must not be less than the lower limit of ?1and the highest equivalent value to be paid per no-par share on repurchase must not be more than 15% higher than the average daily closing price of the companies? shares over the previous 10 trading days on the Vienna Stock Exchange weighted by the respective trading volume. The shares repurchased will be cancelled. The authorization will be valid for 30 months. As of May 20, 2023, the company had 73,608,896 issued shares including 3,084,797 treasury shares.
On September 26, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 736,088 shares, representing 1% of the share capital. The minimum price per share must be not be lower than ?1.00 and the maximum price per share must not be more than 5% higher than the average quoted price on the Vienna Stock Exchange over the three trading days preceding the relevant repurchase and must not exceed ?15 per share. The program will commence on October 2, 2023, and will expire on December 31, 2023. As of September 26, 2023, the company holds 3,084,797 own shares.
S Immo AG is an Austria-based real estate investment company. The Company is engaged in the real estate investments in the form of the buying and selling of properties, project development, letting and asset management, revitalisation and refurbishment of buildings and the operation of hotels and shopping centers. The Company's segment are based on countries (Austria, Germany, Hungary, Romania, the Czech Republic, Slovakia, Croatia. The Austria segment includes all of the Groupâs Austrian subsidiaries, apart from those with property in Germany. The Germany segment includes the German subsidiaries and Austrian subsidiaries which hold properties in Germany. The Company's subsidiary S IMMO Germany GmbH controls the activities of the Austrian S IMMO AG in Germany. The core business of S IMMO Germany is the purchase, development and inventory management of real estate in the German market.
S IMMO AG commences an Equity Buyback Plan for 7,052,410 shares, representing 10% of its issued share capital, under the authorization approved on June 1, 2022.
S IMMO AG 
