Mutares SE & Co. KGaA resolves on share buyback program with a volume of up to EUR 2.5 million
DGAP-Ad-hoc: Mutares SE & Co. KGaA / Key word(s): Share Buyback Disclosure of an inside information according to Article 17 of the Regulation (EU) No 596/2014 Munich, 17 September 2020 - The management board of the general partner of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Company") today resolved, with the consent of the supervisory board of the general partner, to launch a share buyback program using the authorization granted by the Company's annual general meeting on 23 May 2019 ("Share Buyback Program 2020/I"). Within the framework of the Share Buyback Program 2020/I, up to a total of 250,000 shares (corresponding to up to 1.61% of the Company's share capital) may be repurchased from 17 September 2020 to 31 March 2021 at a total purchase price (excluding incidental acquisition costs) of a maximum of EUR 2.5 million. The share buyback will be carried out in accordance with the Safe Harbor 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. The Company will announce further details separately prior to the commencement of the Share Buyback Program 2020/I. For further information: Mutares SE & Co. KGaA Contact Press
17-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Mutares SE & Co. KGaA |
Arnulfstr.19 | |
80335 Munich | |
Germany | |
Phone: | +49 (0)89-9292 776-0 |
Fax: | +49 (0)89-9292 776-22 |
E-mail: | ir@mutares.de |
Internet: | www.mutares.de |
ISIN: | DE000A2NB650 |
WKN: | A2NB65 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1133141 |
End of Announcement | DGAP News Service |
|
1133141 17-Sep-2020 CET/CEST