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

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