SWEF: Share buy-back engagement (1113211)

 
 Starwood European Real Estate Finance Ltd (SWEF) 
SWEF: Share buy-back engagement 
 
10-Aug-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
10 August 2020 
 
      Starwood European Real Estate Finance Limited 
 
      Share buy-back engagement 
 
       The Board of Directors (the "Board") of Starwood European Real Estate 
  Finance Limited (the "Company") (ticker: SWEF) is pleased to announce that 
  it has engaged Jefferies International Limited as buy-back agent to effect 
            share buy backs on behalf of the Company (the "Engagement"). 
 
   Pursuant to and during the term of the Engagement, the Company's buy-back 
   agent may independently of, and without influence by, the Company, effect 
   on-market purchases of ordinary shares of 1p nominal value (the "Shares") 
from time to time at its absolute discretion provided that the maximum price 
payable for a Share on the Main Market of the London Stock Exchange plc (the 
            "Exchange") is an amount equal to the higher of: 
 
  a) 105 per cent. of the average market value of the Company's Shares as 
  derived from the London Stock Exchange Daily Official List for the five 
  business days immediately preceding the day on which such Share is 
  contracted to be purchased; or 
 
  b) the higher of the price of the last independent trade and the highest 
  current bid stipulated by Article 3(2) of the Commission Delegated 
  Regulation (EU/2016/1052) . 
 
 Share buy-backs under the Engagement will be made pursuant to the authority 
  granted to the Company at its general meeting held on 8 June 2020, but the 
  Board advises shareholders there can be no certainty that the Company will 
 acquire any shares under this Engagement. The Engagement will commence with 
effect from today and will, unless extended or terminated earlier, end on 31 
            December 2020. 
 
      A buy-back of Shares pursuant to the Engagement on any trading day may 
represent a significant proportion of the daily trading volume in the Shares 
on the Exchange (and could exceed the 25% limit of the average daily trading 
   volume of the preceding 20 business days as referred to in the Commission 
            Delegated Regulation (EU) No. 2016/1052 on buy-back programmes). 
 
The Company will announce any market repurchase of Shares no later than 7.30 
 a.m. on the business day following the calendar day on which the repurchase 
      occurred. To the extent permitted by law, Shares bought back under the 
            Engagement will be held in treasury. 
 
For further information, please contact: 
 
Apex Fund and Corporate Services (Guernsey) 
Limited as Company Secretary 
 
Vania Santos 
 
                                                   01481 735878 
 
Starwood Capital 
 
Duncan MacPherson                                  020 7016 3655 
 
Jefferies International Limited 
 
Stuart Klein                                       020 7029 8000 
 
Neil Winward 
 
Gaudi Le Roux 
 
ISIN:          GG00B79WC100 
Category Code: MSCM 
TIDM:          SWEF 
LEI Code:      5493004YMVUQ9Z7JGZ50 
Sequence No.:  80784 
EQS News ID:   1113211 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

August 10, 2020 02:00 ET (06:00 GMT)