Brief: Lar Espana Executes Notarial Deed Of 7.9 Mln Euro Capital Reduction

HELIOS RE SOCIMI

19/11/2021 06:24

Nov 19 (Reuters) - Lar Espana Real Estate SOCIMI SA
 LRES.MC :
    * SAID ON THURSDAY IT EXECUTED NOTARIAL DEED REGARDING SHARE
CAPITAL REDUCTION THROUGH REDEMPTION OF TREASURY SHARES
    * SHARE CAPITAL WAS REDUCED IN AMOUNT OF 7.9 MILLION EUROS,
THROUGH CANCELLATION OF 3.9 MILLION OF OWN SHARES WITH FACE
VALUE OF TWO EUROS EACH
    * PURPOSE OF THIS SHARE CAPITAL REDUCTION IS TO CONTRIBUTE
TO
SHAREHOLDER REMUNERATION BY INCREASING PROFIT PER SHARE
    * REDUCTION WAS CARRIED OUT WITH CHARGE TO FREE RESERVES,
THROUGH
PROVISION OF CAPITAL CANCELLATION RESERVE FOR AMOUNT EQUAL TO
NOMINAL VALUE OF CANCELLED SHARES
    * SHARE CAPITAL OF COMPANY HAS BEEN SET AT 167.4 MILLION
EUROS
REPRESENTED BY 83.7 MILLION REGISTERED SHARES OF TWO EUROS PAR
VALUE EACH

      
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNM8V8QhP  urn:newsml:reuters.com:*:nFWN2RA1ZL
 Further company coverage:  LRES.MC  

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