Kennedy Wilson Real Estate launches share buyback scheme
Kennedy Wilson Europe Real Estate has launched a share buyback programme to manage its balance sheet and to take advantage of future investment opportunities.
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Kennedy Wilson Europe Real Estate
1,117.00p
13:16 20/10/17
0.00%
0.00p
Kennedy Wilson Europe Real Estate
0.00p
12:50 02/10/24
0.00%
0.00p
Real Estate Investment & Services
2,344.34
15:45 15/11/24
-0.44%
-10.31
The FTSE 250 company aims to spend £100m, starting from 5 October through broker J&E Davy which will cancel all shares bought back under the programme.
President and chief executive Mary Ricks said: "The share buyback programme is part of our ongoing commitment to balance sheet management and capital efficiency, while leaving sufficient liquidity to capitalise on potential future market opportunities."
The company’s £3bn portfolio is primarily invested across office and retail properties in the UK and Ireland, and also in Spain and Italy.