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Scout24 SE: Scout24 SE resolves share buyback program with a volume of up to 200 million Euros and capital decrease by cancellation

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Scout24 SE / Key word(s): Share Buyback
Scout24 SE: Scout24 SE resolves share buyback program with a volume of up to 200 million Euros and capital decrease by cancellation

03-Nov-2021 / 18:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Scout24 SE: Scout24 SE resolves share buyback program with a volume of up to 200 million Euros and capital decrease by cancellation

Munich, 3 November 2021 - Today, the Management Board of Scout24 SE, with the approval of the Supervisory Board, has decided to repurchase own shares with a total volume of up to 200 million Euros via the stock exchange. In this respect, the Company makes use of the authorisation granted by the Annual General Meeting 2021. The share buyback shall start in the first half of November 2021 and is expected to end on 30 June 2022 at the latest.

In addition, the Management Board, with the approval of the Supervisory Board, has decided to cancel 8,500,000 of the 8,586,462 treasury shares held so far. It hereby makes use of the authorisations granted by the Annual General Meeting for the use of treasury shares in the form of a capital decrease by cancellation of treasury shares of the Company. Accordingly, the share capital of Scout24 SE reduces from 92,100,000 to now 83,600,000 shares.

Further details will be released during the course of November 2021 before the start of the share buyback program. Scout24 SE reserves the right to discontinue the share buyback program at any time.

The Management Board

Notifying Person and Investor Relations
Ursula Querette
Head of Investor Relations & Treasury
phone: +49 89 262 02 4939
email: ir@scout24.com

Media Relations
Jan Flaskamp
Vice President Communications & Marketing
phone: +49 30 24301 0721
email: mediarelations@scout24.com

03-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Scout24 SE

Bothestr. 13-15

81675 Munich

Germany

Phone:

+49 89 262 02 4939

E-mail:

ir@scout24.com

Internet:

www.scout24.com

ISIN:

DE000A12DM80

WKN:

A12DM8

Indices:

MDAX

Listed:

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

EQS News ID:

1245985


 

End of Announcement

DGAP News Service

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