Lar España maintains share rebuy program until 2021

Lar España maintains share rebuy program until 2021

In a release sent this Wednesday to the Comisión Nacional del Mercado de Valores, the REIT announced the extension of this program for a further six months, with the intent of «increasing the REIT’s shareholders’ profits with the later repayment of all acquired shares».

This process will guarantee 5% of the company’s total share capital, which represents 45 million euro divided by 4.500.000 shares. Up until now, Lar España has already acquired 2.700.000 share, 60% of the whole.

The document further informed that «during this Rebuy Program extension, operations regulated by the liquidity contract subscribed between LAR España and JB Capital Markets on the 5th of July 2017 will remain suspended».

The terms of the program and its manager will remain the same.

Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!