Today Befimmo announced the decision to launch a share buyback programme, as authorised by the Extraordinary General Meeting of 22 June 2011, for up to a maximum of €4.5 million.
In accordance with the conditions specified by this General Meeting, the purchase price may not be less than 85% nor more than 115% of the closing price the day before the date of the transaction.
The programme will begin on 21 May 2012 and end on 20 August 2012.
It comes in response to the current troubled economic climate in which there is a significant decline in share prices. It reflects Befimmo's confidence in its strategy and the fact that the share price is particularly low in relation to the net asset value.
Befimmo has mandated a financial institution to run this programme.
Please click on the following link to consult the press release in PDF format:
