The Management Board of Unibail-Rodamco SE, pursuant to the authorization granted by the Annual General Meeting of April 25, 2017, has decided to implement a programme to repurchase shares of Unibail-Rodamco SE for an aggregate amount of up to €750m (excluding costs and fees).
The repurchase programme is expected to run until October 10, 2017 and will be executed in compliance with the EU Regulation of 16 April 2014 on market abuse and the French financial markets Authority regulation.
All repurchased shares will be canceled in accordance with Article L. 225-209 of the French Commercial Code.
As the execution of this opportunistic repurchase programme will depend on market conditions, the full amount may not be reached. The programme does not affect the Company's level of comfort for its loan-to-value ratio of around 40%.
