Vastned, the European retail property company focusing on venues for premium shopping, buys back 849,846 shares for a total amount of € 29.9 million.
Vastned launched a buy-back tender offer for up to €50 million on 11 April 2017, using part of the proceeds from the divestment of its entire Turkish portfolio. Vastned shareholders were offered the opportunity to tender their shares at a maximum price of €35.19 until 15 May 2017 23:59 CEST.
A total number of 849,846 Vastned shares have been tendered for which investors, who have tendered at or below the fi nal purchase price, will receive €35.19 per share. Vastned will buy back shares for a total amount of €29.9 million.
Settlement of the share buy-back will take place on 19 May 2017. Vastned will not redeem the acquired shares and keep them as treasury shares. The number of out...Read more from this release