REG-Grand City Properties S.A. Grand City Properties S.A. suspending 2023 dividend payout as elevated uncertainties in markets remain

Grand City Properties SAAnnouncement

12/03/2024 19:30

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   Grand City Properties S.A. (IRSH)
   Grand City Properties S.A. suspending 2023 dividend payout as elevated
   uncertainties in markets remain

   12-March-2024 / 20:29 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)

   Grand City Properties  S.A. suspending  2023 dividend  payout as  elevated
   uncertainties in markets remain

   Luxembourg, 12 March 2024 - 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 2023  at the  Company’s annual  general
   meeting scheduled  for 26  June 2024.  The decision  was taken  as  market
   uncertainties remain  elevated  and  visibility  on  the  full  impact  on
   leverage, transaction  markets,  valuation  as  well as  on  the  cost  of
   financing remain limited.  GCP’s management believes  that in the  current
   market environment  it is  more prudent  to be  conservative in  terms  of
   capital and liquidity preservation while the Company continues to focus on
   deleveraging.

   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:  MSCL
   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.:   309254
   EQS News ID:    1857203


    
   End of Announcement EQS News Service

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