DGAP-Adhoc

Grand City Properties S.A. resolves on share buy-back program with a volume of up to 200 million euro

DGAP-Ad-hoc: Grand City Properties S.A. / Key word(s): Share Buyback/Real Estate Grand City Properties S.A. resolves on share buy-back program with a volume of up to 200 million euro 15-March-2021 / 07:50 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE AD-HOC RELEASE.

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014

Grand City Properties S.A. resolves on share buy-back program with a volume of up to 200 million euro

Luxembourg, 15 March 2021 - The Board of Directors of Grand City Properties S.A. (the "Company") has resolved today on a share buy-back program. The buy-back program will be implemented by buying back shares on the stock exchange by the Company or a subsidiary of the Company. The volume of the proposed buy-back program will amount to up to 200 million euros and will be limited to a maximum of 10 million shares in the Company. The program shall start on 16 March 2021 and shall be finalized by 31 December 2021 at latest. The acquired shares in the Company may be used in accordance with the authorisation resolved by the Annual General Meeting of the Company held on 24 June 2020.

Contact:
Grand City Properties S.A.
1, Avenue du Bois
L-1251 Luxemburg
T: [phone]
E: [e-mail]
www.grandcityproperties.com

Press Contact:
Katrin Petersen
Grand City Properties S.A.
T: [phone]
E: [e-mail]

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