On the 21st February 2019 the Board of Directors of Intershop Holding AG decided to buy back up to 100’000 registered shares with a nominal value of CHF 10 each, by way of a fixed price offer of CHF 515 per share in order to reduce share capital.
The share buyback offer at a fixed price will be valid from 6th March to 19th March 2019, 17:00 hrs (CET).
The terms and conditions of this buyback, together with information on the potential tax consequences, have been published in the below-mentioned link and are available for download in German of French on the website.
Intershop will publish the result of the buyback on 20th March 2019 after market close.
Intershop is a real estate company listed on the SIX Swiss Exchange and active in Switzerland, which invests principally in commercial properties. As per 31/12/2018 its portfolio comprised 54 properties with a lettable area of 578,000 m2 and a market value of some 1.3 billion Swiss francs. Intershop invests mainly in the Zurich area, around Lac Leman and along the main traffic arteries. Its portfolio combines high yields with security, thanks to diversification by geography and type of use, with considerable potential for value appreciation in the properties with development potential.
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