Brief: German Startups Group To Buy Back Up To 5% Of Its Shares

German Tech Holding GmbH & Co. KGaA

21/08/2020 13:32

Aug 21 (Reuters) - GERMAN STARTUPS GROUP GMBH & CO KGAA
 SGFn.DE :
    * GERMAN STARTUPS GROUP RESOLVES ON PUBLIC SHARE PURCHASE
OFFER TO
BUY BACK UP TO 5% OF ITS SHARES
    * RESERVES RIGHT TO ADJUST OFFER PRICE UPWARDS, IF A
SIGNIFICANT
INCREASE IN SHARE PRICE OCCURS BEFORE OR DURING TERM OF
ACCEPTANCE, OR TO EXTEND TERM OF OFFER
    * HAS RESOLVED TO BUY BACK UP TO 542,700 SHARES OF COMPANY
THROUGH
A PUBLIC SHARE PURCHASE OFFER AGAINST PAYMENT OF AN OFFER PRICE
IN AMOUNT OF 2.00 EURO
    * OFFER PERIOD IS EXPECTED TO COMMENCE ON 31 AUGUST 2020,
00:00
(CEST) AND IS EXPECTED TO END ON 13 OCTOBER 2020, 12:00 (CEST)

Source text for Eikon:  ID:nEQ4GmMTYa 
Further company coverage:  SGFn.DE 

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