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Aroundtown Announces Acquisition Offer for Shares of Grand City Properties, Publishes 2025 Consolidated Financial Report, Proposes Dividend Payment Combined with Updated Dividend Policy
LUXEMBOURG CITY, GRAND DUCHY OF LUXEMBOURG / ACCESS Newswire / March 3, 2026 / The board of directors of Aroundtown SA ("Aroundtown") has resolved to offer to the shareholders of Grand City Properties S.A. ("Grand City Properties") to acquire up to 47,451,773 shares of Grand City Properties by way of a voluntary public acquisition offer in the form of an exchange offer (the "Offer"). Aroundtown will offer 4 existing shares of Aroundtown held in treasury as consideration in exchange for 1 tendered share of Grand City Properties. The shares of Aroundtown exchanged for shares of Grand City Properties will carry the dividend rights from January 1, 2025.
