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MBB SE
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
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MBB SE · ISIN: DE000A0ETBQ4 · EQS - adhoc news (41 News)
Country: Germany · Primary market: Germany · EQS NID: 2018629
30 October 2024 09:05AM

MBB SE resolves share buyback with a volume of up to €15 million and cancels treasury shares


EQS-Ad-hoc: MBB SE / Key word(s): Share Buyback
MBB SE resolves share buyback with a volume of up to €15 million and cancels treasury shares

30-Oct-2024 / 09:05 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.


Berlin, 30 October 2024 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, resolved today to make use of the authorization granted by the Annual General Meeting on 26 June 2024 to acquire treasury shares in accordance with Section 71 para. 1 no. 8 AktG. In view of the substantial undervaluation of the MBB shares and its strong capitalization, the company intends to buy back its own shares with a maximum volume of €15.0 million up to a price of €120.00 per share via the stock exchange from 15 November 2024. The share buyback program is scheduled to end on 30 April 2025 at the latest.

The share buyback will be carried out in accordance with the Safe Harbour provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016.

Furthermore, the Executive Management as well as the Board decided today to cancel all 280,223 treasury shares for the purpose of a capital reduction. This corresponds to 4.90% of the current share capital. The number of shares will therefore be reduced from 5,716,392 to 5,436,169.

All further details on the share buyback will be published at www.mbb.com/ir/buyback.

 

MBB SE

Joachimsthaler Straße 34

10719 Berlin

Tel +49 30 844 15 330

Fax +49 30 844 15 333

office@mbb.com

www.mbb.com

 

Executive Management

Dr. Constantin Mang (CEO)

Dr. Jakob Ammer

Torben Teichler

 

Chairman of the Board and Executive Director

Dr. Christof Nesemeier

 

Court of Registration

Berlin-Charlottenburg Local Court, registration number: HRB 165458



End of Inside Information

30-Oct-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: MBB SE
Joachimsthaler Strasse 34
10719 Berlin
Germany
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: anfrage@mbb.com
Internet: www.mbb.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2018629

 
End of Announcement EQS News Service

2018629  30-Oct-2024 CET/CEST

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