EQS-Ad-hoc: Nagarro SE / Key word(s): Statement
January 23, 2025 - In the ad hoc announcement on 16 October 2024, the Management Board of Nagarro SE confirmed that, in the context of Nagarro SE’s evaluation of strategic options, Nagarro SE was in talks with certain interested parties regarding a potential take-private of Nagarro SE including a public tender offer. Today, as the result of such evaluation of strategic options, the Management Board in alignment with the Supervisory Board of Nagarro SE decided to end these talks regarding a potential take-private to instead focus on maximizing shareholder value by the execution of an independent organic and inorganic growth strategy including efficiency enhancements, accompanied by the intention to buy back shares in the value of up to €400 million over the next three years, and the intention to pursue a sustainable dividend policy of distributing 10-20% of EBIT every year, subject to AGM approvals as required.
Nagarro SE Nagarro SE (ISIN: DE000A3H2200 | WKN: A3H220 | FRA: NA9) End of Inside Information
23-Jan-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Nagarro SE |
Baierbrunner Straße 15 | |
81379 München | |
Germany | |
Phone: | 089 / 785 000 282 |
E-mail: | ir@nagarro.com |
Internet: | www.nagarro.com |
ISIN: | DE000A3H2200 |
WKN: | A3H220 |
Indices: | SDAX, TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2073047 |
End of Announcement | EQS News Service |
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2073047 23-Jan-2025 CET/CEST
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