Declaration of transactions in own shares
(Excluding liquidity contract) carried out from NOVEMBER 18, 2024 to NOVEMBER 22, 2024
November 25, 2024,
The detailed reporting is available on the Patrimoine et Commerce website. www.patrimoine-commerce.com in the Finance/Financial Documents/Information relating to transactions on own shares area.
About Heritage & Commerce
Patrimoine & Commerce owns and operates a portfolio of real estate assets, mainly retail, totaling more than 530,000 m². These assets are mainly located in retail parks near medium-sized towns throughout France.
Patrimoine & Commerce has a significant deal flow identified which will enable it to fuel its growth in development assets and operating assets.
Patrimoine & Commerce is listed on the regulated Euronext market in Paris.
Code ISIN : FR0011027135 – Code Mnémo : PAT
For more information: www.patrimoine-commerce.com
For any information, contact:
**Given the current market conditions in the French real estate sector, particularly concerning retail parks, what are the potential risks and rewards associated with Heritage & Commerce’s acquisition strategy, and how might the share buybacks influence its overall risk profile?**
## Interview: Heritage & Commerce Share Buyback Strategy
**Introduction:**
Welcome to World Today News. Today, we delve into the recent financial activities of Heritage & Commerce, a prominent player in the French real estate market. We’re fortunate to be joined by two experts: [Guest 1 Name & Title], and [Guest 2 Name & Title]. They’ll provide insights into the recent declaration of transactions in own shares by Heritage & Commerce, a move that has garnered considerable attention in the investment community.
**Section 1: Understanding the Share Buyback**
**Host:** Let’s begin by understanding the fundamentals. [Guest 1 Name], can you shed light on the motives behind Heritage & Commerce’s decision to repurchase its own shares between November 18th and 22nd? Was this a routine practice, or does this signify a particular strategic direction for the company?
**Guest 1:**
**Host:** Thank you. [Guest 2 Name], from your perspective, what are the potential implications of these buybacks for existing shareholders?
**Guest 2:**
**Section 2: Dissecting the Figures**
**Host:** The declaration outlines substantial share repurchases, totalling 516 shares with an average price of around €20.56. [Guest 1 Name], how does this volume compare to previous share buyback initiatives undertaken by Heritage & Commerce? Does this indicate a heightened commitment to enhancing shareholder value?
**Guest 1:**
**Host:** [Guest 2 Name], looking at the numbers, what are the potential financial benefits and risks associated with this share buyback program?
**Guest 2:**
**Section 3: Looking Ahead: Growth and Investment Strategy**
**Host:** Heritage & Commerce’s press release mentions a “significant deal flow” identified. [Guest 1 Name], can you elaborate on the types of opportunities the company is pursuing? How might these transactions contribute to the company’s overall growth strategy?
**Guest 1:**
**Host:** [Guest 2 Name], how do you view these potential acquisitions within the context of the current real estate market in France? Does Heritage & Commerce’s focus on retail parks present unique opportunities or challenges?
**Guest 2:**
**Conclusion:**
**Host:** Thank you both for sharing your insights on this complex financial maneuver. It’s clear that Heritage & Commerce’s recent share buyback program reflects a calculated move with potentially significant ramifications for both the company and its shareholders. We’ll continue to monitor the development of this story and its impact on the broader real estate landscape.
For more detailed information on Heritage & Commerce and its financial performance, visit their website at www.patrimoine-commerce.com.
