Inmobiliaria del Sur, S.A. announces an Equity Buyback for 375,000 shares, representing 2% for 5 million.
January 28, 2022 at 12:02 pm
Share
Inmobiliaria del Sur, S.A. (BME:ISUR) announces a share repurchase program. Under the program, the company will repurchase up to 375,000 shares, representing 2% of its share capital for a total of 5 million. The shares acquired will be assigned in first place to compliance with remuneration plan long-term variable for executives and directors and after for reduction of capital by amortization of shares acquired.
Inmobiliaria del Sur SA (Insur) is a Spain-based company engaged in the real estate sector. The Company is primarily involved in the construction, acquisition, management, promotion, rental and sale of residential and non-residential properties, which are located in Cordoba, Malaga, Cadiz, Madrid, Huelva, and Seville, among others. Its main activities are divided into three areas: Housing, Offices & Commercials and Parking. Furthermore, the Company is a parent of Parking Insur SAU, Hacienda la Cartuja SA, Coopinsur SAU, Inversiones Sevillanas SAI, Bellasur Patrimonial SA, Innovacion en Desarrollos Urbanos del Sur SA, and Viasur Soluciones Inmobiliarias SLU, among others, which together form Insur Group.