Premia Properties announced that its Board of Directors has decided on 18 November 2021 the submission of an application for the licensing of the Company as a Real Estate Investment Company (REIC) under Law 2778/1999 and 4209/2013 and the implementing decisions and circulars of the Hellenic Capital Market Commission.
In addition, the Board of Directors has granted to members of the Board of Directors and executives of the Company authorization to perform the required actions for the submission of the application.
The aforementioned decision serves the strategic planning of the Company which aims at its more effective operation in the real estate market benefiting from the tax advantages offered by the REIC framework.
The application for the licencing as a REIC shall be examined by the Hellenic Capital Market Commission and also approval by the shareholders of the Company will be sought in the upcoming Extraordinary General Meeting that is scheduled for December 10th, 2021 as per the relevant invitation that is available on the Company’s and the Athens Stock Exchange websites.
The Company shall inform investors on the progress of the process.
