Put companies on watchlist
GRENKE AG
ISIN: DE000A161N30
WKN: A161N3
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

GRENKE AG · ISIN: DE000A161N30 · EQS - Company News (132 News)
Country: Germany · Primary market: Germany · EQS NID: 1831395
06 February 2024 10:52AM

GRENKE LAUNCHES SHARE BUYBACK PROGRAMME


EQS-News: GRENKE AG / Key word(s): Share Buyback
GRENKE LAUNCHES SHARE BUYBACK PROGRAMME

06.02.2024 / 10:52 CET/CEST
The issuer is solely responsible for the content of this announcement.


GRENKE launches share buyback programme

Baden-Baden, February 6, 2024: The Board of Directors of GRENKE AG, with the consent of the Supervisory Board, today resolved to implement a share buyback programme. The request for approval submitted to the German Federal Financial Supervisory Authority (BaFin) has been granted (see also the ad hoc announcement dated November 21, 2023). The share buyback programme encompasses a maximum of 2,317,695 shares with a value of up to EUR 70 million (excluding ancillary costs), corresponding to 5 percent of the company’s share capital existing at the time of the authorisation resolution of the Annual General Meeting on August 6, 2020. The shares are to be acquired via the stock exchange. The share buyback programme is scheduled to begin in the coming week (calendar week 7).

Dr Sebastian Hirsch, CEO of GRENKE AG: “The timing is favourable, and we received the necessary approval quickly. Through this share buyback, we are realising an attractive investment opportunity for GRENKE AG, and therefore also for our shareholders, based on the current share price.”

 



06.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: GRENKE AG
Neuer Markt 2
76532 Baden-Baden
Germany
Phone: +49 (0)7221 50 07-204
Fax: +49 (0)7221 50 07-4218
E-mail: investor@grenke.de
Internet: www.grenke.de
ISIN: DE000A161N30
WKN: A161N3
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1831395

 
End of News EQS News Service

1831395  06.02.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1831395&application_name=news&site_id=boersengefluester_html
Visual performance / price development - GRENKE AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.