Brief: Lar Espana Maintains Current Buyback Programme For 5% Of Share Capital

HELIOS RE SOCIMI

30/04/2020 11:52

April 30 (Reuters) - Lar Espana Real Estate SOCIMI SA
 LRES.MC :
    * PLAN IS BEING IMPLEMENTED TO MINIMISE OUTLAYS AT SHOPPING
CENTRES, WHILE GUARANTEEING OPERATION OF RETAIL OUTLETS THAT
REMAIN OPEN, COSTS WILL BE CUT BY 35%
    * SAYS WILL MAINTAIN SHARE BUYBACK PROGRAMME CURRENTLY BEING
IMPLEMENTED FOR 5% OF SHARE CAPITAL, OF WHICH ABOUT HALF HAS
BEEN COMPLETED
    * ITS CASH POSITION IS CLOSE TO 200 MILLION EUROS, AFTER
DEDUCTING
DIVIDEND PAYMENT FOR 2019, DISTRIBUTED ON APRIL 16

Source text for Eikon:  ID:nCNMc8J7vs 
Further company coverage:  LRES.MC 

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