Nextensa Nv/sa: Shares Repurchase
08 Dezember 2021 - 5:40PM
Nextensa Nv/sa: Shares Repurchase
NEXTENSA NV/SA: SHARES REPURCHASE
Nextensa NV announces that the board of
directors has decided to initiate a share repurchase programme to
acquire up to 65,000 shares for a total amount of no more than
4,800,000 euros within the limits set down in the (renewed) share
repurchase authorization as granted by the extraordinary general
meeting of shareholders of 19 July 2021. The goal of the share
repurchase is to enable Nextensa to meet its obligations resulting
from the purchase plans for the benefit of its executive
management.
Nextensa recognizes the need for active and
committed managers that are able to guide the transformation into a
mixed property investor and developer. Furthermore, based on
previous experience and current market practices and trends, the
nomination and remuneration committee and the board of directors
are convinced that managers are more engaged and committed when
they are able to participate in the capital of Extensa NV, as this
aligns their interests with those of the Company and its
shareholders. This remuneration method also fits in with the good
governance that the Company pursues. Under the Corporate Governance
Code a fitting part of the remuneration package should be linked to
performance. Nextensa applies all the provisions and guidelines of
this Code to its long-term incentive plans.
The share repurchase programme will be
implemented by an independent broker in accordance with the
applicable share repurchase legislation. Nextensa will initiate the
share repurchase programme on 9 December 2021 for a period ending
no later than 31 January 2022. Nextensa will notify the market on
the advancement of the repurchase programme in accordance with the
applicable legislation.
ABOUT NEXTENSA NV/SA
Nextensa NV/SA (previously named Leasinvest Real
Estate) is a mixed property investor and developer since 19 July
2021. The company’s investment portfolio, which is spread over the
Grand Duchy of Luxembourg (45%), Belgium (42%) and Austria (13%),
had a total value on 30/09/2021 of approximately €1.41 billion.
Nextensa is one of Luxembourg’s biggest property
investors. The development portfolio is spread over the Tour &
Taxis and Cloche d’Or sites, where mixed (residential and office)
developments are ongoing and new sub-projects will be launched in
the coming years. On 30/09/2021 the total book value of this
development portfolio was approximately €0.3 billion.
The company is listed on Euronext Brussels and
it has a market capitalisation of € 727.2 million (value on
08/12/2021).
VOOR MEER INFORMATIE:
Michel Van Geyte, Chief Executive Officer T: +32 3 238 98
77E: michel.vangeyte@nextensa.eu
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