Brief: Fuchs Expands And Extends Buyback Programme

Fuchs Se

07/12/2023 10:32

Dec 7 (Reuters) - FUCHS SE  FPEn.DE :
    * EXPANDS AND EXTENDS BUYBACK PROGRAMME OF ORDINARY AND
PREFERENCE
SHARES
    * IN ADDITION TO EXISTING SCOPE OF CURRENT SHARE BUYBACK
PROGRAMME, UP TO A FURTHER 2,000,000 SHARES, OF WHICH UP TO A
FURTHER 1,000,000 ORDINARY SHARES AND UP TO A FURTHER 1,000,000
PREFERENCE SHARES OF COMPANY ARE TO BE ACQUIRED.
    * PERIOD OF SHARE BUYBACK PROGRAMME WILL BE EXTENDED UNTIL
SEPTEMBER 30, 2024
    * ADDITIONAL AMOUNT OF UP TO A MAXIMUM OF EUR 80 MILLION
WILL BE
MADE AVAILABLE FOR EXTENSION OF SHARE BUYBACK PROGRAMME
    * COMPANY WILL CANCEL ACQUIRED TREASURY SHARES
    * CAPITAL STRUCTURE OF FUCHS SE WILL BE IMPROVED.
    * SHARE BUYBACK AND PLANNED CANCELLATION OF ACQUIRED SHARES
WILL
HAVE EFFECT OF REDUCING NUMBER OF OUTSTANDING ORDINARY AND
PREFERENCE SHARES

Source text for Eikon:  ID:nEQSKvNma 
Further company coverage:  FPEn.DE 

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