Brief: Instone Real Estate Resolves To Share Buyback Programme

Instone Real Estate SE

26/10/2022 06:09

Oct 26 (Reuters) - INSTONE REAL ESTATE GROUP SE
 INS2.DE :
    * ANNOUNCED ON TUESDAY IT RESOLVED THE IMPLEMENTATION OF AN
ADDITIONAL SHARE BUYBACK PROGRAMME
    * THIS FOLLOWS ON THE FIRST SHARE BUYBACK PROGRAMME LIMITED
TO 5.0
PERCENT OF THE SHARE CAPITAL – THAT IS NOW COMPLETED – IN ORDER
TO INCREASE THE PROPORTION OF TREASURY SHARES TO A TOTAL OF 7.87
PERCENT OF THE SHARE CAPITAL
    * THE PLANNED SCOPE OF THE SHARE BUYBACK PROGRAMME 2022/II
COMPRISES A VOLUME OF UP TO EUR 25 MILLION, BUT A MAXIMUM OF UP
TO 2.87 PERCENT OF THE CURRENT SHARE CAPITAL, I.E. UP TO
1,349,417 SHARES
    * THE MANAGEMENT BOARD ALSO CONFIRMS THE FINANCIAL GUIDANCE
FOR
THE FINANCIAL YEAR 2022

        
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