CPI Property Group Announces Extraordinary General Meeting for Capital Adjustments

CPI Property Group, a leading real estate firm, has scheduled an extraordinary general meeting (EGM) for May 30, 2024. The meeting aims to discuss significant changes including a proposed decrease in corporate capital and amendments to the company’s articles of association. This corporate action will take place at their Luxembourg headquarters.

The main agenda for the EGM includes the reduction of the company's capital by EUR 8,532,746.80 through the cancellation of 85,327,468 treasury shares. Following this reduction, the proceeds will be allocated to a reserve available for distribution to shareholders, in line with Luxembourg commercial laws.

Further, the meeting will address the introduction of a new authorized share capital set at EUR 3,885,714,285.70. This change paves the way for issuing additional ordinary shares. These capital adjustments necessitate amendments to the articles of association, subject to shareholder approval.

Shareholders wishing to participate in the EGM must submit necessary documentation including a Record Date Confirmation by May 16, 2024, and an Attendance and Proxy Form by May 23, 2024.