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BRIEF-Soho Development Announces Prelim. Plan To Buy Back 33% Of Shares
December 8, 2017 / 6:52 AM / 3 days ago

BRIEF-Soho Development Announces Prelim. Plan To Buy Back 33% Of Shares

Dec 8 (Reuters) - SOHO DEVELOPMENT SA:

* SAID ON THURSDAY THAT IN RELATION TO FINAL TALKS ON SALE OF A REAL ESTATE IN WARSAW IT HAS PREPARED INITIAL TERMS OF FIRST TRANCHE OF A BUYBACK PROGRAM

* UNDER THE INITIAL TERMS THE COMPANY WOULD BUY BACK 33 PERCENT OF ITS SHARES FOR 3.27 ZLOTYS PER SHARE

* THE CARRYING OUT OF THE FIRST AND SUBSEQUENT TRANCHES IS CONDITIONAL UPON COMPLETING THE DEAL

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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