Prodea Investments launches 12-month share buyback programme

According to the resolution, Greece’s largest Real Estate Investment Company (REIC) will be able to acquire common registered shares with a nominal value of €2.71 each, at a purchase price ranging from €2 to €5 per share. The programme will remain in force for twelve months from the date of its approval, while the acquired shares may be used in any manner permitted under applicable legislation.

The extraordinary General Meeting was attended by shareholders representing 82.95% of the company’s paid-up share capital, with the sole item on the agenda being unanimously approved.

The General Meeting also authorised the Board of Directors to determine the specific terms for the implementation of the programme and to undertake all necessary actions required for its execution.

Share buyback programmes constitute one of the key capital management tools available to listed companies, as they can be used to enhance shareholder value, support share liquidity, allocate shares under executive incentive schemes, or facilitate future corporate actions such as mergers and acquisitions.

Prodea, with a real estate portfolio valued at more than €3 billion across Greece and international markets, continues to pursue an active capital management strategy while advancing a significant investment programme focused on office properties, hotels, logistics facilities and mixed-use developments.

The new share buyback programme provides the company with additional flexibility to leverage its market valuation and optimise the allocation of available capital, depending on market conditions and its strategic priorities.