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Ströer SE & Co. KGaA: Ströer decides to amend its capital allocation strategy and approves initial share buyback of up to EUR 50m

Ströer SE & Co. KGaA / Key word(s): Share Buyback
Ströer SE & Co. KGaA: Ströer decides to amend its capital allocation strategy and approves initial share buyback of up to EUR 50m

28-Sep-2022 / 10:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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.




Contact:
Press contact:
Marc Sausen
Ströer SE & Co. KGaA
Director Corporate Communications
Ströer-Allee 1 | D-50999 Cologne
Telephone: +49 (0)2236 - 96 45-246
Fax: +49 (0)2236 - 96 45-6246
E-Mail: info@stroeer.de

IR Contact:
Christoph Löhrke
Ströer SE & Co. KGaA
Head of Investor & Credit Relations
Ströer-Allee 1 | D-50999 Köln
Telephone: +49 (0)2236 / 96 45-356
E-Mail: CLoehrke@stroeer.de

28-Sep-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Ströer SE & Co. KGaA

Ströer Allee 1

50999 Köln

Germany

Phone:

+49 (0)2236.96 45 0

Fax:

+49 (0)2236.96 45 299

E-mail:

info@stroeer.de

Internet:

www.stroeer.com

ISIN:

DE0007493991

WKN:

749399

Indices:

MDAX

Listed:

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

EQS News ID:

1451969


 

End of Announcement

EQS News Service

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