DGAP-Adhoc: Mutares SE & Co. KGaA resolves on share buyback program with a volume of up to EUR 2.5 million
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DGAP-Ad-hoc: Mutares SE & Co. KGaA / Key word(s): Share Buyback Disclosure of an inside information according to Article 17 of the Regulation (EU) No 596/2014 Munich, 17 September 2020 - The management board of the general partner of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Company") today resolved, with the consent of the supervisory board of the general partner, to launch a share buyback program using the authorization granted by the Company's annual general meeting on 23 May 2019 ("Share Buyback Program 2020/I"). Within the framework of the Share Buyback Program 2020/I, up to a total of 250,000 shares (corresponding to up to 1.61% of the Company's share capital) may be repurchased from 17 September 2020 to 31 March 2021 at a total purchase price (excluding incidental acquisition costs) of a maximum of EUR 2.5 million. The share buyback will be carried out in accordance with the Safe Harbor Rules defined under Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council dated 16 April 2014, in conjunction with the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. The Company will announce further details separately prior to the commencement of the Share Buyback Program 2020/I. For further information: Mutares SE & Co. KGaA Contact Press
17-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Mutares SE & Co. KGaA |
| Arnulfstr.19 | |
| 80335 Munich | |
| Germany | |
| Phone: | +49 (0)89-9292 776-0 |
| Fax: | +49 (0)89-9292 776-22 |
| E-mail: | [email protected] |
| Internet: | www.mutares.de |
| ISIN: | DE000A2NB650 |
| WKN: | A2NB65 |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1133141 |
| End of Announcement | DGAP News Service |
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1133141 17-Sep-2020 CET/CEST
Mutares SE & Co. KgaA Stock
Currently there is a rather positive sentiment for Mutares SE & Co. KgaA with 4 Buy predictions and 1 Sell predictions.
As a result the target price of 44 € shows a slightly positive potential of 3.65% compared to the current price of 42.45 € for Mutares SE & Co. KgaA.
