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Lar España begins new stock repurchase program
26 March 2019 | Vanessa Sousa

Lar España’s administration starts this Monday its second stock repurchase program. This capital reduction strategy will affect 4.660.000 shares, which represents 5% of the Spanish REIT’s current capital stock.

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In the document sent to the Comisión Nacional del Mercado de Valores (National Stock Market Commission), the company explains that «the maximum amount assigned to the Stock Repurchase Program is 42 million euro». JB Capital Markets will be in charge of implementing the program, which should close in nine months, it can be read in the document.

Lar España finished its first stock repurchase program at the end of February, and it involved 3.31% of the company’s capital stock.

Currently, the company has 1.499 million euro in real estate assets. Most of them are shopping centres.

 

 

 

Photo: Lar España's Portfólio