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Summit Germany Buys Back And Cancels 8.1 Million Shares

Fri, 07th Dec 2018 14:43

LONDON (Alliance News) - Summit Germany Ltd said Friday that a previously announced share buyback was fully taken up, with the company repurchasing 8.1 million shares.

The German commercial property investment company bought back the shares at EUR1.17 each returning EUR9.5 million to shareholders, ahead of cancelling them.

After completing the buyback, Summit has 457.3 million shares in issue.

Summit Germany shares were untraded Friday but last closed at EUR1.13 each.

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