(Obi.no:) Christian Ringnes’ Eiendomsspar has entered into an agreement for the purchase of own shares for 1.2 billion, goes to the forward of a message.
Sundt-siblings sell
Shares purchased from the CGS Holding AS and Helene Sundt AS, which is represented in Eiendomsspar’s board by Leiv Askvig, executive director of Sundt.
Eiendomsspar has purchased 1.500.000 treasury shares at a price of 400 crowns per share from CGS Holding. CGS Holding his new portfolio in Eiendomsspar is thus 788.000.
Furthermore, Eiendomsspar bought 1.500.000 treasury shares at a price of 400 per share from the Helene Sundt AS, and thus is Helene Sundt AS its new portfolio in Eiendomsspar 788.000.
– We still have great faith in the company, and will not make any further sell-off, comments leiv Askvig to Mallorca.
Eiendomsspar its new holdings of directly owned treasury shares is 5.631.949. The trade will be executed the 04.01.2019, it is stated in the message.
Christian Ringnes has earlier identified large share buy-back of own shares in Eiendomsspar with discount as one of the three nøkkelgrunner for the company’s amazing rise in value from 1984 to now. Now, Ringnes repeat the coup.
– There is something of the same as we are now trying to do again. When Eiendomsspar-the stock is priced lower than our values, we believe it is better to buy himself than property out in the market. We also know exactly what we buy when we buy our own shares, ” says Ringnes to Estate News.
Simplifies your business
21. December talked about the Obi.now that eiendomsinvestoren dissolves Eiendomsspar Invest AS and Victoria Eiendom Invest AS, all the holding companies which control, respectively, Eiendomsspar and Victoria Eiendom.
– the Structure with Eiendomsspar Invest and Victoria Eiendom Invest as hovedeiere respectively Eiendomsspar and Victoria Eiendom, hangs again from the time it was not allowed for corporations to buy back their shares directly. It is well known that the allowed now, and these companies earn therefore no longer any function, commented Ringnes to the Obi.no, and continued:
– to simplify the company set-up in Eiendomsspar and Victoria Eiendom and thereby among other things avoiding your own dividend yield of the companies themselves, are they (Eiendomsspar Invest and the Victoria real Estate Invest), therefore, decided discontinued.
Other økoominyheter:
DNB Markets-analyst two aksjetips
– It may give a further decline in stocks
