Ströer SE & Co. KGaA / Key word(s): Share Buyback
Today, Ströer Management SE, the general partner of Ströer SE & Co. KGaA, decided to add a share buyback element to the capital allocation strategy of Ströer SE & Co. KGaA and to carry out an initial share buyback program with a total repurchase volume of up to EUR 50m. The program is scheduled to commence on October 3, 2022 and be completed by April 30, 2023 at the latest.
The share buyback program serves any permissible purpose and will be carried out through trading on the Frankfurt Stock Exchange’s Xetra marketplace in accordance with the ‘safe harbor’ rules stipulated in Article 5 of the EU Market Abuse Regulation.
The share buyback program will be conducted on the basis of the authorization granted by the annual shareholder meeting of Ströer SE & Co. KGaA on November 4, 2020, which permits the general partner of Ströer SE & Co. KGaA to repurchase a total volume of company shares equivalent to no more than 10% of the share capital of Ströer SE & Co. KGaA by November 3, 2025.
28-Sep-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Ströer SE & Co. KGaA
Ströer Allee 1
+49 (0)2236.96 45 0
+49 (0)2236.96 45 299
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
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