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EQS-News: GRENKE LAUNCHES SHARE BUYBACK PROGRAMME

eqs_en 
0 0 06.02.24
EQS-News: GRENKE LAUNCHES SHARE BUYBACK PROGRAMME : http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24105/Grenke_Logo.jpg
 

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

06.02.2024 / 10:52 CET/CEST
The issuer is solely responsible for the content of this announcement.

GRENKE launches share buyback programme

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).

Dr Sebastian Hirsch, CEO of GRENKE AG: “The timing is favourable, and we received the necessary approval quickly. Through this share buyback, we are realising an attractive investment opportunity for GRENKE AG, and therefore also for our shareholders, based on the current share price.”

 


06.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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: 1831395

 
End of News EQS News Service

1831395  06.02.2024 CET/CEST

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Grenke AG Stock

€21.20
-2.310%
We can see a decrease in the price for Grenke AG. Compared to yesterday it has lost -€0.500 (-2.310%).
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Grenke AG.
As a result the target price of 31 € shows a positive potential of 46.23% compared to the current price of 21.2 € for Grenke AG.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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