EQS-Adhoc: GRENKE LAUNCHES SHARE BUYBACK PROGRAMME
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EQS-Ad-hoc: GRENKE AG / Key word(s): Share Buyback 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).
End of Inside Information
06-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | 1831325 |
| End of Announcement | EQS News Service |
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1831325 06-Feb-2024 CET/CEST
Grenke AG Stock
€22.05
-0.230%
Grenke AG is currently one of the favorites of our community with 8 Buy predictions and no Sell predictions.
With a target price of 31 € there is a positive potential of 40.59% for Grenke AG compared to the current price of 22.05 €.
