AX Real Estate plc - Proposal for a Share Buyback Programme

On 20 February 2026, AX Real Estate plc announced that the Board of Directors has resolved to recommend a share buyback programme to shareholders at the upcoming Annual General Meeting scheduled for Friday 24 April 2026. The primary objective of the proposed programme would be to support efforts towards increasing the liquidity of company’s ordinary A shares.

AX Real Estate explained that the proposal will allocate €1 million from retained profits to be used towards the purchase of shares through the program for a period of 1 year from the program approval.

Other terms of the proposed buyback will include:

• A daily acquisition limit of not more than 25,000 shares from any single member.
• A maximum consideration per share not to exceed its net asset value (indicated in the company’s last audited annual financial statements at €0.553)
• The shares will be held in treasury by the company for subsequent resale.
• The program will be suspended during statutory black-out periods.

The company noted that it will issue an Explanatory Circular ahead of the AGM to provide further details.