Brief: KMC Properties Says Intention To Initiate Limited Buyback Of Logistea Shares Distributed After Combination With Logistea

Bevest ASA

14/06/2024 18:22

June 14 (Reuters) - Kmc Properties ASA  KMCP.OL :
    * INTENTION TO INITIATE LIMITED BUYBACK OF LOGISTEA SHARES
DISTRIBUTED FOLLOWING COMPLETION OF COMBINATION WITH LOGISTEA
    * WILL BE FINANCED BY A LOAN FACILITY OF UP TO NOK 300
MILLION
FROM DNB BANK ASA
    * KMC PROPERTIES- KMC PROPERTIES INTENDS TO INITIATE A
LIMITED
BUYBACK OF SUCH CONSIDERATION SHARES FROM ITS SHAREHOLDERS
    * KMC PROPERTIES- CO'S SHAREHOLDER WILL BE OFFERED TO SELL
UP TO
20% OF LOGISTEA SHARES, TOTAL MAX PURCHASE AMOUNT PAYABLE BY CO
IN BUYBACK OF NOK 300 MILLION
    * FOLLOWING COMPLETION OF BUYBACK, KMC PROPERTIES INTENDS TO
SELL
REPURCHASED SHARES IN A STRUCTURED BLOCK TRADE

Source text for Eikon:  ID:nObim98pZa 
Further company coverage:  KMCP.OL 

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