REG - Phoenix SpreeDeutsch - Purchase of Shares by the Property Adviser

Phoenix Spree DeutschlandAnnouncement

27/05/2025 12:15

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RNS Number : 2513K  Phoenix Spree Deutschland Limited  27 May 2025

 

27 May 2025

Phoenix Spree Deutschland Limited

(the "Company", or "PSD")

Purchase of Shares by the Property Adviser

As previously announced on 25 July 2024, under the terms of the Company's
Property Advisory and Investor Relations Agreement ("PAIR") QSix Residential
Limited ("QSix"), the Company's Property Advisor, has committed to reinvest
the post-tax proceeds it earns from disposal fees into PSD shares. This
includes proceeds generated from condominium sales.

The Company has been notified that, on 23 May 2025, QSix purchased a further
58,800 ordinary shares in PSD at an average price of 167.69 pence per share.
This purchase increases QSix's cumulative purchases of PSD shares acquired
since 25 July 2024 to 358,717 ordinary shares.

For further information, please
contact:

 Phoenix Spree Deutschland Limited                                                               +44 (0)20 3937 8760

 Stuart
 Young

 Deutsche Numis (Corporate Broker)                                                               +44 (0)20 7260 1263

 Hugh Jonathan

 Teneo (Financial PR)                                                                            +44 (0)20 7353 4200

 Lizzie Snow

 

 

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