Starwood European Real Estate Finance Ltd. (LSE:SWEF) commences share repurchases on August 10, 2020, under the program mandated by the shareholders in the Annual General Meeting held on June 8, 2020. As per the mandate, the company is authorized to repurchase up to own shares. The minimum price which the company will pay shall not be less than 1 pence per ordinary share and the maximum price which the company will pay shall not be more than the higher of 105% above the average of the middle market quotations for the ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately before the day on which purchases were made. The share program shall unless extended or terminated earlier, end on December 31, 2020.
Jefferies International Limited acted as broker to the company.