Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • VDO.AI’s Innovative Technology-Led Campaign for The NBA Earns Shortlist at The Drum Awards for Marketing Americas 2023
    VDO.AI’s Innovative Technology-Led Campaign for The NBA Earns Shortlist at The Drum Awards for Marketing Americas 2023 World News
  • Mokaram Law Firm Gives Back to Houston Families at First Annual Thanksgiving Event: 1,000 Frozen Turkeys to Be Given Away Nov. 18 at 2500 West Loop South, Houston, Texas 77027 Business
  • ,256 Billion Market Set for Robust Growth
    $8,256 Billion Market Set for Robust Growth Business
  • Reshaping Cocoa Communities Through Clean Water Initiatives
    Reshaping Cocoa Communities Through Clean Water Initiatives Business
  • Import Invoices and Payee Lists instantly with the Integration of OnlineCheckWriter.com and Sage Intacct
    Import Invoices and Payee Lists instantly with the Integration of OnlineCheckWriter.com and Sage Intacct World News
  • War Day 185: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 185: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Day 460: war diaries w/Former Advisor to Ukraine President, Intel Officer  @arestovych  & #Feygin
    Day 460: war diaries w/Former Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • War Day 530: Will Ukraine be Pressured to Negotiate
    War Day 530: Will Ukraine be Pressured to Negotiate World News
PURCHASE OF SHARES & SHARE REPURCHASE PROGRAM, ENHANCEMENT OF AGILITY BUSINESS MODEL, ISSUANCE OF OPTIONS TO CEO

PURCHASE OF SHARES & SHARE REPURCHASE PROGRAM, ENHANCEMENT OF AGILITY BUSINESS MODEL, ISSUANCE OF OPTIONS TO CEO

Posted on November 9, 2024 By NewsEditor

PURCHASE OF SHARES & SHARE BUYBACK PROGRAM

Agility Real Estate (ENX:AGIL)

TAMPA, FL, UNITED STATES, November 8, 2024 /EINPresswire.com/ — The Group has purchased 29,452 shares from a former officer at a price of $2.50 a share. Our board of directors has also approved a share repurchase program of up to $500,000 in share repurchases. The share repurchase program, which has no expiration date nor minimum investment requirement, may be terminated at any time.

ENHANCEMENT OF AGILITY BUSINESS MODEL

As background:

1. Through 2023, the business model of the Group (then known as Thunderbird Resorts) was to develop hospitality properties in emerging markets.

2. As of January 2024, and given ongoing hotel and condo conversions to residential, the Group announced a shift of its business model to more broadly being a real estate developer, owner and operator specialized in emerging markets and not exclusively in hospitality only. The Group subsequently received approval by shareholders to rebrand as Agility Real Estate.

3. The Group has continued to communicate as recently as in its 2024 Half-year Report (released on September 30, 2024) that it has been evaluating further enhancements in its business model.

After significant study, here our 4 observations we have made (followed by our conclusions):

1. We are as much a finance team as a real estate one: A) We have financed and exited real estate investments in 5 countries, and there are few with as much in-house expertise as we have to develop, finance and successfully exit emerging market real estate investments; B) Starting with Salomon Guggenheim’s experience as a former banker, we are as much a finance team as a real estate one, having as a Group raised capital publicly and having provided material returns over the years through international project finance to private equity, family funds and high net worth individuals; C) Our corporate finance strengths of reporting, audit and legal are assets that have not been fully exploited.

2. There is a large housing deficit in our core markets: Based on our decades of experience, we have seen that Latin American markets (in which we continue to have teams in 3 countries) are experiencing: A) Materially higher housing deficits than do developed markets; and B) Lack of capital to close those housing gaps. Peru is particularly impacted by housing shortages, which is one reason that our recent hotel-to-condo conversion sold so successfully as is our ongoing office-to-condo conversion.

3. There is a major gap in the US restaurant sector: Peter LeSar, in his new role as CEO, brings a new dimension to the business as follows: A) In his private life, Peter LeSar founded two restaurants that were both recognized by the World’s 50 Best in its Discovery Series and that have received media coverage from around the world; B) He is also the author of Restaurant Strong, a book that shares his decade plus of research into restaurant category leaders; and C) He is networked in the industry and is approached regularly for support by restaurant groups. Leveraging Peter’s experience with the US restaurant industry, the Group has observed that there are scalable, financially very attractive single unit and small group business models owned by talented entrepreneurs who have access to neither institutional capital nor to the strategic guidance they need to build the 7-20 high-performing units generally required to achieve Series A funding. Please note that the Group itself has developed numerous restaurants, bars and catering businesses within its former hotels & resorts, and we continue to have institutional expertise.

4. We have a 5-market platform: Salomon Guggenheim works from Zurich, Switzerland. Peter LeSar is now based out of Tampa, Florida. Our General Counsel, Yazmina Escobar is based out of Panama City, Panama. Our team includes finance and real estate professionals in Peru and Panama, and we have ongoing hospitality expertise in Peru and Nicaragua. With the right strategies, we have a resilient team that is capable of leveraging and growing this international platform to the benefit of shareholders.

Based on our analysis and substantial work in the spaces above, here are the Group’s conclusions in relation to enhancements in its business model:

1. Final shift of brand: As part of the agenda of the upcoming Annual General Shareholders’ Meeting (date to be announced soon), the Group will seek approval of one final branding change from Agililty Real Estate to Agility Capital for reasons that are made clear below.

2. Preliminary investments: During the next 12 months, the Group will likely make preliminary investments with its capital and by organizing third party capital to: A) Add to its portfolio of residential, urban infill development in Latin America; and B) Invest alongside existing restaurant operators who have potentially high-performing, scalable models that deserve the investment of our human capital to help them to strengthen their models and who deserve unit expansion capital principally in the United States, again focused on those companies that are in the pre-Series A space. We expect initial investments in both areas to be prudently modest and for maturation of these models to take time.

3. Financial services: The Group will continue to evaluate if and how to add value in financial services in the above sectors and for their respective geographies, with particular analysis in the areas of investment banking and investment management. We foresee no material short-term progress in this area, if ever.

If and as there are specific investments being made and/or services being added, we will disclose at that time.

ISSUANCE OF OPTIONS TO CEO

The Board of Directors has resolved to issue options to Peter LeSar in the amount of 29,452 shares (the same number of shares purchased as described above) at an average exercise price of $2.73, with 50% to vest in December 2025 and 50% to vest in December 2026.

ABOUT THE COMPANY

Agility Real Estate Inc. is: 1) A real estate developer, owner and operator specialized in emerging markets; and 2) An investor in early stage US restaurant concepts that have the potential for high-performance and scale. Additional information is available at www.agility.realestate. Contact: Yazmina Escobar, General Counsel at [email protected].

Peter A Lesar
Agility Real Estate
email us here

Legal Disclaimer:

EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

PURCHASE OF SHARES & SHARE REPURCHASE PROGRAM, ENHANCEMENT OF AGILITY BUSINESS MODEL, ISSUANCE OF OPTIONS TO CEO

You just read:

News Provided By

November 09, 2024, 00:00 GMT

Distribution channels:
Amusement, Gaming & Casino, Banking, Finance & Investment Industry, Building & Construction Industry, Companies, Consumer Goods, Culture, Society & Lifestyle, Environment, Food & Beverage Industry, Gifts, Games & Hobbies, Insurance Industry …


EIN Presswire’s priority is author transparency. We do our best to weed out false and misleading content. The content above is
the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above.

Article originally published on www.einpresswire.com as PURCHASE OF SHARES & SHARE REPURCHASE PROGRAM, ENHANCEMENT OF AGILITY BUSINESS MODEL, ISSUANCE OF OPTIONS TO CEO

World News

Post navigation

Previous Post: Blockchain Distributed LedgerGlobal Market 2024 To Reach $161.34Billion By 2028 At Rate Of 62.9%
Next Post: Global Chicken Bucket Market Overview AndStatistics For 2024-2033

Related Posts

  • Big Weeks Ahead for Bitcoin
    Big Weeks Ahead for Bitcoin World News
  • Hardware, Putin’s Wunderwaffles: Pt3. Michael Nacke interview (Latynina.tv)
    Hardware, Putin’s Wunderwaffles: Pt3. Michael Nacke interview (Latynina.tv) World News
  • Eastham Capital Named Top Performing Real Estate Fund Manager in America by Preqin
    Eastham Capital Named Top Performing Real Estate Fund Manager in America by Preqin World News
  • A Powerhouse Gathering for High-end Leaders and Passionate People
    A Powerhouse Gathering for High-end Leaders and Passionate People World News
  • Belarus Freedom Day – United States Department of State
    Belarus Freedom Day – United States Department of State World News
  • (Video) Mass rally of Iranians abroad Berlin, June 29, 2024
    (Video) Mass rally of Iranians abroad Berlin, June 29, 2024 World News
May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Apr    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Key Drivers, Trends, Growth Opportunities & Forecast 2025-2034May 30, 2025
  • Unprecedented Opportunities for First-Time Home Buyers in the Fraser ValleyMay 30, 2025
  • The ARON M80 Flying Ship Takes FlightMay 30, 2025
  • Key Growth Drivers, Trends, From 2025 To 2034May 29, 2025
  • Insurance Veteran Paul H Flowers Jr Brings Innovative Employee Benefits Solutions to Small & Mid-Sized BusinessesMay 29, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • New Leaf Detox and Treatment Inc. Announce Medication-Assisted Treatment for Detox and Rehab in Orange County
    New Leaf Detox and Treatment Inc. Announce Medication-Assisted Treatment for Detox and Rehab in Orange County Business
  • Key Trend Transforming the Air Taxi Market in 2024
    Key Trend Transforming the Air Taxi Market in 2024 World News
  • Commercial Water Heater Market projected to hit .9 billion by 2032
    Commercial Water Heater Market projected to hit $9.9 billion by 2032 Business
  • U.S. Mint Presents its New Bessie Coleman Commemorative Quarter to the FAA
    U.S. Mint Presents its New Bessie Coleman Commemorative Quarter to the FAA Aviation
  • Edison Aerospace partners with Aveo Engineering for LED lighting
    Edison Aerospace partners with Aveo Engineering for LED lighting Business
  • Miller & Miller’s online-only Luxury Watches auction, November 17, features examples from all the top Swiss watchmakers
    Miller & Miller’s online-only Luxury Watches auction, November 17, features examples from all the top Swiss watchmakers World News
  • Evolve Bank & Trust to Be Presenting Sponsor of Dixon Gallery’s ‘Art on Fire’
    Evolve Bank & Trust to Be Presenting Sponsor of Dixon Gallery’s ‘Art on Fire’ Business
  • Dr. Zamip Patel publishes new Blog with easy-to-understand articles about male urology and infertility issues
    Dr. Zamip Patel publishes new Blog with easy-to-understand articles about male urology and infertility issues World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .