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IN BRIEF: Phoenix Spree Deutschland completes redemption of 7% stake

1st Jul 2026 12:57

Phoenix Spree Deutschland Ltd - invests in Berlin residential real estate - Completes compulsory redemption of ordinary shares, buying back 6.8 million shares, 7.4% of the total, for cancellation. The shares are purchased at GBP2.56, making the capital return worth GBP17.5 million in total. The remaining 85.0 million shares, trading under a new ISIN identifier from Wednesday, give the company a market capitalisation of GBP137.7 million.

Current stock price: 162.00 pence

12-month change: down 4.4%

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


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Phoenix Spree D
FTSE 100 Latest
Value10,679.03
Change26.16