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CPI Property Group Kingstown Litigation Dismissed

Date: 2026-10-20 12:00:40

(MENAFN- EQS Group)

CPI PROPERTY GROUP / Key word(s): Miscellaneous
CPI Property Group – Kingstown Litigation Dismissed
20.10.2026 / 16:47 CET/CEST
The issuer is solely responsible for the content of this announcement.
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, 20 October 2026
CPI Property Group – Kingstown Litigation Dismissed
CPI PROPERTY GROUP refers our stakeholders to the press release“Kingstown Litigation Dismissed,” published on 20 October 2026 by CPIPG's subsidiary CPI FIM SA. The press release is republished below in its entirety.
***
CPI FIM SA (“ CPI FIM” or the“ Company”) is pleased to update our stakeholders regarding the lawsuit filed in January 2015 in the Luxembourg District Court (the“ Court”) by Kingstown Partners Master Ltd., Kingstown Partners II, LP and Ktown LP (together, the“ Kingstown Plaintiffs”).
The lawsuit concerned claims against CPI FIM and certain current and former members of its board of directors. CPI Property Group SA (“ CPIPG”), the parent company of CPI FIM, was dismissed from the proceedings in June 2019. The Kingstown Plaintiffs had most recently sought damages of approximately EUR 238 million, compared with EUR 19.5 million in their original claim.
On 16 October 2026, the Court declared all claims brought by the Kingstown Plaintiffs inadmissible, dismissing the case in its entirety.
“This lawsuit has been a topic of discussion with our stakeholders for more than a decade,” said David Greenbaum, CEO of CPIPG and Managing Director of CPI FIM.“We always said that Kingstown had no case, and the Court's decision proves we were right.”
In its judgment, the Court found that the Kingstown Plaintiffs had not established a personal loss for shares sold in 2014, or a direct link between the alleged wrongdoing and their claimed damages. The Court also rejected the later damages claims as inadmissible and found that, having sold their shares, the Kingstown Plaintiffs lacked the necessary interest to challenge the Company's past corporate decisions.
The Court ordered the Kingstown Plaintiffs to pay the costs of the proceedings, together with procedural indemnities of EUR 10,000 each to CPI FIM and four individual defendants. The judgment is subject to appeal.
“CPIPG welcomes this clear decision by the Court,” said Martin Matula, General Counsel of CPIPG.“We will continue to vigorously defend the interests of our Group against baseless lawsuits and are confident that this judgment will withstand any appeal.”
***
For further information, please contact:
Investor Relations
Moritz Mayer
Senior Manager, Capital Markets
...
For more on CPI Property Group, visit our website:
Follow us on X (CPIPG_SA) and LinkedIn
CPIPG is the issuer of:
(i) shares ISIN LU0251710041 admitted to trading on the regulated market of the Frankfurt Stock Exchange;
(ii) the following notes admitted to trading on the regulated market of Euronext Dublin:

JPY 3,000,000,000 1.995 per cent. Senior Notes due 8 December 2028, XS1917855337
GBP 400,000,000 2.750 per cent. Senior Notes due 22 January 2028, XS2106589471
HKD 250,000,000 3.014 per cent. Senior Notes due 13 February 2030, XS2117757182
EUR 850,000,000 1.500 per cent. Senior Notes due 27 January 2031 XS2290544068
EUR 700,000,000 1.750 per cent. Sustainability-Linked Senior Notes due 14 January 2030, XS2432162654
EUR 600,000,000 7.000 per cent. Senior Unsecured Green Notes due 7 May 2029, XS2815976126
EUR 750,000,000 6.000 per cent. Senior Unsecured Green Notes due 27 January 2032, XS2904791774
EUR550,000,000 4.875 per cent, Fixed Rate Resettable Undated Subordinated Notes, XS1982704824
SGD150,000,000 5.800 per cent. Fixed Rate Resettable Undated Subordinated Notes, XS2106857746
EUR 525,000,000 4.875 per cent. Fixed Rate Resettable Undated Subordinated Notes, XS2231191748
EUR 475,000,000 3.750 per cent. Fixed Rate Resettable Undated Subordinated Notes, XS2290533020
EUR 800,000,000 7.500 per cent. Fixed Rate Resettable Undated Subordinated Notes, XS3099834676
EUR 700,000,000 4.750 per cent. Senior Unsecured Green Notes due 22 July 2030, XS3126635039
GBP 300,000,000 8.875 per cent. Fixed Rate Resettable Undated Subordinated Notes, XS3199090104
GBP 400,000,000 6.875 per cent. Senior Unsecured Green Notes due 5 February 2033, XS3285555143
EUR 550,000,000 8.500 per cent. Fixed Rate Resettable Undated Subordinated Notes, XS3412577515
EUR 550,000,000 5.875 per cent. Senior Unsecured European Green Bonds due 7 July 2032, XS3430768781

(iii) the following notes admitted to trading and listed on the SIX Swiss Exchange:

CHF 105,000,000 3.950 per cent. Senior Unsecured Notes due 26 May 2031, CH1533656182

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. 20.10.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Language:	English
Company:	CPI PROPERTY GROUP
	40, rue de la Vallée
	L-2661 Luxembourg
	Luxemburg
Phone:	+352 264 767 1
Fax:	+352 264 767 67
E-mail:	...
Internet:
ISIN:	LU0251710041
WKN:	A0JL4D
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
LEI Code:	222100CO2ZOTEPGJO223
EQS News ID:	2418976


End of News	EQS News Service

2418976 20.10.2026 CET/CEST

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CPI Property Group Kingstown Litigation Dismissed

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