REG-Grand City Properties S.A. Grand City Properties S.A. suspending 2022 dividend payout following increasing uncertainties in markets

Grand City Properties SAAnnouncement

16/03/2023 06:00

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   Grand City Properties S.A. (IRSH)
   Grand City Properties S.A. suspending 2022 dividend payout following
   increasing uncertainties in markets

   16-March-2023 / 06:48 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Public disclosure of inside information according to Article 17 para. 1 of
   the Regulation (EU) No 596/2014 on market abuse (market abuse regulation –
   MAR)

    

   The issuer is solely responsible for the content of this announcement.

    

   Grand City  Properties  S.A.  suspending 2022  dividend  payout  following
   increasing uncertainties in markets

    

   Luxembourg, 16 March 2023 - The board of directors (the “Board”) of  Grand
   City Properties S.A.  (the “Company” or  “GCP”) has decided  today not  to
   recommend a  dividend payment  for 2022  at the  Company’s annual  general
   meeting  scheduled  for   28  June   2023,  following   the  increase   in
   macro-economic  uncertainty   and  volatility,   with  currently   limited
   visibility on  the  full  impact  of the  current  market  environment  on
   valuations, increasing  financing  costs  and limited  access  to  capital
   markets.

    

    Contact

   Michael Bar-Yosef
   T: +352 28 77 87 86
   E: info@grandcity.lu
   www.grandcityproperties.com

    

   Important information:

   This announcement does not constitute an  offer to sell or a  solicitation
   of an  offer to  buy  any securities.  The  securities mentioned  in  this
   announcement have not  been and will  not be registered  under the  United
   States Securities Act of 1933, as  amended (the “Securities Act”) and  may
   not be offered  or sold  in the United  States absent  registration or  an
   exemption from registration under the Securities Act.

   If any announcements in this document contain forward-looking  statements,
   such statements do not represent facts and are characterized by the  words
   'will', 'expect', 'believe',  'estimate', 'intend', 'contemplate',  'aim',
   'assume' or similar expressions.  Such statements express the  intentions,
   opinions or current expectations and assumptions of Grand City  Properties
   S.A. and the persons acting together with Grand City Properties S.A.. Such
   forward-looking statements  are  based  on current  plans,  estimates  and
   forecasts which Grand City Properties S.A. and the persons acting together
   with Grand City Properties S.A. have made to the best of their  knowledge,
   but which  do not  claim  to be  correct  in the  future.  Forward-looking
   statements are subject to  risks and uncertainties  that are difficult  to
   predict and usually cannot be influenced by Grand City Properties S.A.  or
   the persons acting together with Grand City Properties S.A.. It should  be
   kept in mind that the actual events or consequences may differ  materially
   from those contained in or expressed by such forward-looking statements.

    

    

    

    

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           LU0775917882, LU0775917882 , XS1491364953, XS1811181566,
                   XS2271225281, XS1220083551, XS1654229373, XS1706939904,
                   XS1706939904, XS1763144604, XS1781401085, CH0401956872,
                   XS1827041564, XS1851265527, XS1953786222, XS1964638446,
                   CH0482172415, XS2016885159, XS2033380820, XS2035328223,
                   XS2154325562, XS2282101539,
   Category Code:  MSCM
   TIDM:           IRSH
   LEI Code:       5299002QLUYKK2WBMB18
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   230184
   EQS News ID:    1583761


    
   End of Announcement EQS News Service

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