SWEF: Share buy-back engagement (1113211)
10 August 2020 - 4:00PM
UK Regulatory
Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Share buy-back engagement
10-Aug-2020 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
10 August 2020
Starwood European Real Estate Finance Limited
Share buy-back engagement
The Board of Directors (the "Board") of Starwood European Real Estate
Finance Limited (the "Company") (ticker: SWEF) is pleased to announce that
it has engaged Jefferies International Limited as buy-back agent to effect
share buy backs on behalf of the Company (the "Engagement").
Pursuant to and during the term of the Engagement, the Company's buy-back
agent may independently of, and without influence by, the Company, effect
on-market purchases of ordinary shares of 1p nominal value (the "Shares")
from time to time at its absolute discretion provided that the maximum price
payable for a Share on the Main Market of the London Stock Exchange plc (the
"Exchange") is an amount equal to the higher of:
a) 105 per cent. of the average market value of the Company's Shares as
derived from the London Stock Exchange Daily Official List for the five
business days immediately preceding the day on which such Share is
contracted to be purchased; or
b) the higher of the price of the last independent trade and the highest
current bid stipulated by Article 3(2) of the Commission Delegated
Regulation (EU/2016/1052) .
Share buy-backs under the Engagement will be made pursuant to the authority
granted to the Company at its general meeting held on 8 June 2020, but the
Board advises shareholders there can be no certainty that the Company will
acquire any shares under this Engagement. The Engagement will commence with
effect from today and will, unless extended or terminated earlier, end on 31
December 2020.
A buy-back of Shares pursuant to the Engagement on any trading day may
represent a significant proportion of the daily trading volume in the Shares
on the Exchange (and could exceed the 25% limit of the average daily trading
volume of the preceding 20 business days as referred to in the Commission
Delegated Regulation (EU) No. 2016/1052 on buy-back programmes).
The Company will announce any market repurchase of Shares no later than 7.30
a.m. on the business day following the calendar day on which the repurchase
occurred. To the extent permitted by law, Shares bought back under the
Engagement will be held in treasury.
For further information, please contact:
Apex Fund and Corporate Services (Guernsey)
Limited as Company Secretary
Vania Santos
01481 735878
Starwood Capital
Duncan MacPherson 020 7016 3655
Jefferies International Limited
Stuart Klein 020 7029 8000
Neil Winward
Gaudi Le Roux
ISIN: GG00B79WC100
Category Code: MSCM
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
Sequence No.: 80784
EQS News ID: 1113211
End of Announcement EQS News Service
(END) Dow Jones Newswires
August 10, 2020 02:00 ET (06:00 GMT)
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