Brief: Soho Development Announces Prelim. Plan To Buy Back 33% Of Shares

Soho Development SA

08/12/2017 06:49

Dec 8 (Reuters) - SOHO DEVELOPMENT SA  SHD.WA : 
    * SAID ON THURSDAY THAT IN RELATION TO FINAL TALKS ON SALE 
OF A 
REAL ESTATE IN WARSAW IT HAS PREPARED INITIAL TERMS OF FIRST 
TRANCHE OF A BUYBACK PROGRAM 
    * UNDER THE INITIAL TERMS THE COMPANY WOULD BUY BACK 33 
PERCENT OF 
ITS SHARES FOR 3.27 ZLOTYS PER SHARE 
    * THE CARRYING OUT OF THE FIRST AND SUBSEQUENT TRANCHES IS 
CONDITIONAL UPON COMPLETING THE DEAL 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2BB8X3a 
     
 Further company coverage:  SHD.WA   
    
 
 
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