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Bilfinger SE
ISIN: DE0005909006
WKN: 590900
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Bilfinger SE · ISIN: DE0005909006 · EQS - adhoc news (61 News)
Country: Germany · Primary market: Germany · EQS NID: 2048349
10 December 2024 06:54PM

Bilfinger decides on share buyback programme with a volume of up to €50 million


EQS-Ad-hoc: Bilfinger SE / Key word(s): Share Buyback
Bilfinger SE: Bilfinger decides on share buyback programme with a volume of up to €50 million

10-Dec-2024 / 18:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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.
Archive at www.eqs-news.com


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

2048349  10-Dec-2024 CET/CEST

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