Aroundtown Offers Acquisition for Grand City Properties Shares

Aroundtown SA has announced a voluntary public acquisition offer for up to 47,451,773 shares of Grand City Properties. The offer involves an exchange of four existing Aroundtown shares for each tendered Grand City Property share. The shares exchanged will include dividend rights starting from January 2025. This offer, not subject to German or Luxembourg takeover regulations, aims for a maximum holding of 89.5% of Grand City Properties' share capital. The conclusion of the offer is anticipated by early April.

In conjunction with this, Aroundtown has released its consolidated financial report for the fiscal year ending December 31, 2025, earlier than previously communicated. Additionally, the board proposes a dividend payout of EUR 0.08 per share for 2025, marking a return to dividend payments last proposed for 2021. The updated dividend policy from 2026 will target a 50% payout of FFO 1 per share.