Arcona Property Fund announces results Tender Offer
17 October 2024
Arcona Property Fund N.V. (the Fund), a listed fund that invests in commercial real estate in Central Europe, reports the result of its Tender Offer, which expired on October 16, 2024 and was announced on September 18, 2024. The Fund has accepted to purchase 294,118 of its own ordinary shares at a price of EUR 6.80 per share, resulting in a total amount of approximately EUR 2 million.
Payment and settlement of the Tender Offer will occur on or around 22 October 2024. Once settled, the Tender Offer completes the first tranche of the Fund’s announced reverse bookbuilding programme. The Fund intends to cancel the repurchased shares.
The completion of the Tender Offer results in an increase of EUR 0.30 in the net asset value (NAV) per share based on the NAV calculation of June 30, 2024.
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Arcona Property Fund announces results Tender Offer 17 October 2024 |
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