EQS-News: CPI PROPERTY GROUP - Changes in Shareholding and Board of Directors

CPI Property Group

(société anonyme)

40, rue de la Vallée

L-2661 Luxembourg

R.C.S. Luxembourg: B 102 254

 

Press Release – Corporate News

 

Luxembourg, 5 December 2025

 

CPI PROPERTY GROUP - Changes in Shareholding and Board of Directors

CPI Property Group (“CPIPG” or the “Group”) was notified today that funds managed by Apollo Global Management have sold their entire 3.04% stake in CPIPG’s ordinary shares to a private investment group from the CEE region. Subsequently, Tim Scoble has resigned from his position as Apollo representative on CPIPG’s board of directors.

 

“On behalf of the board of CPIPG, I want to thank Tim for contributing his wisdom and experience to the board over the last four years,” said Edward Hughes, Chairman. “The Group benefited greatly from Apollo’s support as we pursued transformational growth, and we will continue to explore areas of cooperation in the future.”

 

In connection with the sale by Apollo, CPIPG’s board of directors approved a change to the Group’s distribution policy. Going forward, CPIPG will set a maximum limit for shareholder distributions via annual share buybacks at 50% of the most recently reported full-year FFO1, a reduction from the 65% target set in 2021. CPIPG’s board of directors expects to decide on the timing and amount of the Group’s next annual distribution in early 2026.

 

For further information, please contact:

 

Investor Relations

 

Moritz Mayer

Manager, Capital Markets
m.mayer@cpipg.com

 

For more on CPI Property Group, visit our website: www.cpipg.com

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Disclaimer: This communication contains certain forward-looking statements with respect to the financial condition, results of operations and business of CPIPG. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “targets”, “may”, “aims”, “likely”, “would”, “could”, “can have”, “will” or “should” or, in each case, their negative or other variations or comparable terminology. Forward-looking statements may and often do differ materially from actual results. CPIPG’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward-looking statements contained in this communication. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. As a result, undue influence should not be placed on any forward-looking statement.