JDC Group AG: JDC Group AG completes share buyback programme according to schedule

JDC Group AG completes share buyback programme according to schedule

Wiesbaden, 30 July 2020
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The Management Board of JDC Group AG (ISIN DE000A0B9N37) passed a resolution on 29 July 2019 to repurchase up to 656,423 of the company's shares (representing up to 5 percent of its share capital) for a maximum total purchase price of EUR 5,000,000 excluding incidental costs. The buyback programme was approved by the Supervisory Board and had been authorised by shareholders at the annual general meeting on 24 August 2018. The term of the programme was scheduled to end on 30 July 2020 at the latest.

The share buyback programme commenced on 5 August 2019 and ends on 30 July 2020 as planned.

The company repurchased 505,202 shares in the buyback programme, at a total purchase price of EUR 3,079,272.17 excluding incidental costs. Altogether, JDC Group AG now holds 505,202 of its own shares, representing 3.85 percent of the company's share capital.

The final position of the share buyback programme is published on the website of JDC Group AG at: https://jdcgroup.de/investor-relations/

About JDC Group AG
JDC Group AG (ISIN: DE000A0B9N37) stands for modern financial advice and intelligent financial technology for advisors and customers. In the "Advisortech" business unit, via our subsidiary Jung, DMS & Cie., we provide our customers and advisors with modern advisory and administration technology. While many sales and distribution partners perceive the technological transformation as a problem and the young Fintech companies as the new competitors, we perceive the "technology" factor to be a great opportunity. Solutions from the "Advisortech" business unit help advisors, brokers, banks and other intermediaries to take even better care of their customers and generate increased sales in their earnings. In the "Advisory" segment, we procure financial products for private end customers via free advisors using the FiNUM Group. With over 16,000 connected sales partners we are one of the market leaders in the German-speaking region.

Disclaimer:
The Directors of JDC Group AG hold a participating interest in JDC Group AG and have a self-interest in the nature and content of the information provided in this release.