REG - Phoenix SpreeDeutsch - Purchase of Shares by the Property Adviser

Phoenix Spree DeutschlandAnnouncement

18/12/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241218:nRSR4819Qa&default-theme=true

RNS Number : 4819Q  Phoenix Spree Deutschland Limited  18 December 2024

18 December 2024

Phoenix Spree Deutschland Limited

(the "Company", or "PSD")

Purchase of Shares by the Property Adviser

Shareholders are referred to the announcement published on 25 July 2024, as
part of the amendment to the fees payable under the Property Advisor and
Investor Relations Agreement to ("PAIR") to the Company's property adviser,
QSix Residential Limited ("QSix"), QSix informed the Company that it will use
the post-tax proceeds of any future disposal fees eligible from the Company to
buy shares in PSD.

Therefore, and further to the sale of a portfolio of 16 buildings announced on
17 December 2024, the Company notes that in accordance with the new PAIR, QSix
has today purchased 269,762 Ordinary Shares in PSD at an average price of
169.1184p per Ordinary Share.

For further information, please
contact:

 Phoenix Spree Deutschland Limited                                                               +44 (0)20 3937 8760

 Stuart
 Young

 Deutsche Numis (Corporate Broker)                                                               +44 (0)20 3100 2222

 David Benda

 Teneo (Financial PR)                                                                            +44 (0)20 7353 4200

 Lizzie Snow / Annushka Shivnani

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCQKOBNFBDDFBD