EQS-Ad-hoc: Bilfinger SE / Key word(s): Share Buyback Bilfinger decides on share buyback programme with a volume of up to €50 million The Executive Board of Bilfinger SE today decided, with the consent of the Supervisory Board, on a share buyback programme. The buyback is to begin latest on January 31, 2025 and be completed by December 31, 2025. Under the programme, a maximum of up to 1,100,110 treasury shares of Bilfinger SE may be purchased on the stock exchange at a maximum purchase price (excluding transaction costs) of 50 million euros. Based on the current share price (Xetra closing price on December 10, 2024), this corresponds to approximately 2.93% of the company's share capital. Bilfinger SE is making use of the authorisation granted by the Annual General Meeting on May 11, 2022, according to which shares representing up to 10% of the company's share capital at the time of the resolution may be repurchased up to and including May 10, 2027 and subject to the proviso that the shares to be purchased under this authorization, together with other shares in the Company which the Company previously purchased and still holds or which are attributable to the Company pursuant to Sections 71d and 71e AktG, will at no time account for more than 10% of the capital stock of Bilfinger SE. The Company currently holds 86,849 treasury shares from previous share buyback programs (approx. 0.23% of capital stock). The repurchased shares can be used for all purposes permitted under the authorisation of the Annual General Meeting of May 11, 2022. The shares may also be cancelled. The buyback shall be processed by making use of the safe harbour exception for buyback programmes pursuant to Article 5 of the Market Abuse Regulation (Regulation (EU) No. 596/2014). Bilfinger SE reserves the right to discontinue the share buyback programme at any time. The company will provide regular updates on the progress of the share buyback programme on its website in accordance with the relevant requirements.
Contact: Bilfinger SE · Investor Relations Martina Burger · phone +49 621 459-3759 · martina.burger@bilfinger.com End of Inside Information
10-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Bilfinger SE |
Oskar-Meixner-Straße 1 | |
68163 Mannheim | |
Germany | |
Phone: | +49 (0621) 459-0 |
Fax: | +49 (0621) 459-23 66 |
E-mail: | ir@bilfinger.com |
Internet: | http://www.bilfinger.com |
ISIN: | DE0005909006 |
WKN: | 590900 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Tradegate Exchange |
EQS News ID: | 2048349 |
End of Announcement | EQS News Service |
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2048349 10-Dec-2024 CET/CEST
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