EQS-Adhoc: GRENKE LAUNCHES SHARE BUYBACK PROGRAMME

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

06-Feb-2024 / 10:26 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.

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).

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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
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1831325 06-Feb-2024 CET/CEST