Business
Montea : Share buy-back programme for a maximum of 50,000 own shares
Montea : Share buy-back programme for a maximum of 50,000 own
About this update from Montea Nv
PRESS RELEASE MONTEA 13 November 2024 - 06:00 p.m. Regulated information Share buy-back programme for a maximum of 50,000 own shares Today Montea announces the decision to launch a share buy-back programme for the purchase of maximum 50,000 own shares. Montea announces that the board of directors of its sole director has decided to launch a share buy-back programme for up to 50,000 of its own shares, within the limits of the authorisation to buy back own shares as granted by the general meeting of shareholders on 9 November 2020. It was decided to allocate a maximum amount of € 3,600,000 to this share buy-back programme. The purpose of the buy-back programme is to realise share purchase plans and share option plans in favour of the management and employees of Montea and to be able to offer these again in the future. The buy-back programme runs from 14 November 2024 to 13 December 2024 or until the fixed number of shares has been repurchased. The buy-back programme will be implemented in accordance with the safe harbour procedure provided by the Regulation (EU) No 596/2014 of 16 April 2014 on market abuse (Market Abuse Regulation) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing the Market Abuse Regulation. The execution of the buy-back programme will be done by an independent intermediary who will have a discretionary mandate to execute the buy-back. Montea will inform the market on the progress of the buy-back programme in accordance with the applicable regulations. ABOUT MONTEA "SPACE FOR GROWTH" Montea NV is a listed real estate company under Belgian law (GVV/SIR) that specializes in logistics property in Belgium, the Netherlands, France, and Germany. The company is a leading player in this market. Montea offers its clients the space they need to grow, providing versatile and innovative property solutions, allowing Montea to create value for its shareholders. On September 30, 2024 the property portfolio comprises a total lettable area of 2,026,463 m², spread across 99 locations. Montea NV has been listed on Euronext Brussels (MONT) and Euronext Paris (MONTP) since the end of 2006. PRESS CONTACT MORE INFO [email protected] | +32 53 82 62 62 www.montea.com Regulated information 13 November 2024 - 06:00 p.m.