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Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program

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DGAP-News: Fraport AG Frankfurt Airport Services Worldwide / Key word(s): Share Buyback
Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program
31.05.2022 / 13:02
The issuer is solely responsible for the content of this announcement.

Frankfurt, 31 May 2022 - For the implementation of this year's employee participation program the Executive Board of Fraport AG Frankfurt Airport Services Worldwide (ISIN DE0005773303) decided to buy back own shares through the stock exchange. To fulfill all claims up to 75,000 of its own shares (this corresponds to approximately 0.081 percent of the capital stock) will be bought back.

The share buyback complies with rules and regulations set forth in Sec. 71 (1) No. 2 AktG (Aktiengesetz - German Stock Corporation Act). It serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide. The total purchase price (excluding incidental costs) is up to EUR 3,100,000.

The share buyback will begin on 7 June 2022 and will be completed by 30 June 2022. It will be carried out by an independent financial service provider in accordance with the safe harbour rules defined under Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council dated 16 April 2014, in conjunction with the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. In particular, the financial services provider is required to execute the repurchase of shares as follows:

  • The shares are purchased at market prices in accordance with the aforementioned regulations. The shares are not purchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out.

  • On any trading day, no more than 25 percent of the average daily volume of the shares on the trading venue on which the purchase is carried out is purchased. The average daily volume is based on the average daily volume traded during the month preceding the month, in which the publication of the share buyback program took place, that means, on the average daily trading volume in April 2022.


31.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Fraport AG Frankfurt Airport Services Worldwide

-

60547 Frankfurt am Main

Germany

Phone:

+49 (0)69 6 90-7 48 42

Fax:

+49 (0)69 6 90-7 48 43

E-mail:

investor.relations@fraport.de

Internet:

www.fraport.com

ISIN:

DE0005773303

WKN:

577330

Indices:

MDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange

EQS News ID:

1365019


 

End of News

DGAP News Service

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