Brief: Bilfinger SE Reports Decision On Capital Allocation Early Debt Repayment, Special Dividend And Share Buyback, Investment In Growth

Bilfinger SE

11/08/2021 19:30

Aug 11 (Reuters) - Bilfinger SE  GBFG.DE :
    * DECISION ON CAPITAL ALLOCATION: EARLY DEBT REPAYMENT,
SPECIAL
DIVIDEND AND SHARE BUYBACK, INVESTMENT IN GROWTH
    * EUR 109 MILLION WILL BE USED FOR EARLY REDEMPTION OF
OUTSTANDING
TRANCHES OF PROMISSORY NOTE LOANS IN OCTOBER 2021 INSTEAD OF
APRIL 2022
    * EXECUTIVE BOARD AND SUPERVISORY BOARD WILL PROPOSE A
SPECIAL
DIVIDEND OF EUR 3.75 PER SHARE TO 2022 ANNUAL GENERAL MEETING
    * TO PROPOSE  SHARE BUYBACK PROGRAM WITH A VOLUME OF UP TO
EUR 100
MILLION, TO BE LAUNCHED IN SUMMER OF 2022
    * CURRENT TREASURY SHARES (WITH A VOLUME OF AROUND 8
PERCENT) WILL
BE CANCELLED ON COMMENCEMENT OF NEW PROGRAM

Source text for Eikon:  ID:nEQ9Jz0H6a 
Further company coverage:  GBFG.DE 

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