Aedas Homes S A : further strengthens its shareholder remuneration by amortizing €60 million in treasury stock
October 20, 2023 at 09:11 am EDT
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AEDAS Homes, a benchmark residential developer in Spain, has reduced its share capital by 6.6% through the amortization of 3,106,537 own shares. After this action, the company's share capital stands at 43,700,000 shares, with a nominal value of €1 per share. The amortization was approved at the 2022/23 Annual General Meeting, held on 20 July, and was entered into the Mercantile Register on 11 October.
This amortization shows AEDAS Homes' firm commitment to maximizing shareholder returns through a remuneration policy that is stable over time and underpinned by the company's solid financial situation.
In the last two years, the company has allocated over €330 million to shareholder remuneration: €60 million coming from this recent amortization, over €250 million in dividend distributions since 2021, and a previous amortization carried out in 2021.
Aedas Homes SA published this content on 19 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2023 13:10:03 UTC.
Aedas Homes SA is a Spain-based company engaged in the real estate sector. The Company focuses on the land acquisition, as well as construction, promotion and sale of residential properties. The Company develops projects in a range of Spanish cities, such as Valencia, Alicante, Barcelona, Madrid, Malaga and Seville. It offers multifamily buildings in type of towers and block of flats.
AEDAS HOMES, S.A. 
