Put companies on watchlist
TeamViewer AG
ISIN: DE000A2YN900
WKN: A2YN90
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

TeamViewer AG · ISIN: DE000A2YN900 · EQS - adhoc news (72 News)
Country: Germany · Primary market: Germany · EQS NID: 1552947
06 February 2023 07:01PM

TeamViewer AG resolves on a 2023 share buyback program with a volume of up to EUR 150 million


EQS-Ad-hoc: TeamViewer AG / Key word(s): Share Buyback
TeamViewer AG resolves on a 2023 share buyback program with a volume of up to EUR 150 million

06-Feb-2023 / 19:01 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.


Goppingen, 6 February 2023 – Today, the Management Board of TeamViewer AG has resolved on a new share buyback program (SBB 2023) with a total volume of up to EUR 150 million (without ancillary costs). This will be TeamViewer’s second share buyback program as a listed company after the successful completion of a EUR 300 million buyback in 2022. The buyback, which is scheduled for completion in 2023, will be conducted in two independent tranches via the stock exchange. The first tranche with a volume of up to EUR 75 million, but not exceeding 9,112,985 shares, is expected to start mid of February 2023. In this respect, the Company makes use of the existing authorization granted by the Annual General Meeting 2022. The second tranche of the SBB 2023 is intended to start shortly after completion of the first tranche and is subject to renewal of the buyback authorization by the Annual General Meeting in May 2023.

The buyback program will be carried out in accordance with Regulation (EU) No. 596/2014 (Market Abuse Regulation) and other applicable rules and regulations. Further details will be announced separately prior to the start of the share buyback program.

TeamViewer can hold up to 10 percent of its share capital as treasury shares for legally permitted purposes under German stock corporation law. As a result, the Company will cancel any shares above the threshold. A certain portion of the shares bought back under the SBB 2023 will be reserved for the 2023 tranche of TeamViewer’s employee share program. TeamViewer reserves the right to suspend or discontinue the share buyback at any time.

###

Contact

Press TeamViewer
Martina Dier
Vice President, Communications
E-Mail: press@teamviewer.com
Investor Relations TeamViewer
Ursula Querette
Vice President, Capital Markets
E-Mail: ir@teamviewer.com

06-Feb-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: TeamViewer AG
Bahnhofsplatz 2
73033 Göppingen
Germany
Phone: +49 7161 97200 81
Fax: +49 7161 60692 335
E-mail: ir@teamviewer.com
Internet: www.teamviewer.com
ISIN: DE000A2YN900
WKN: A2YN90
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1552947

 
End of Announcement EQS News Service

1552947  06-Feb-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1552947&application_name=news&site_id=boersengefluester_html
Visual performance / price development - TeamViewer 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.