Brief: Stroeer Approves Initial Share Buyback Of Up To EUR 50 Mln

Stroeer SE & Co KGaA

28/09/2022 10:00

Sept 28 (Reuters) - STROEER  SAXG.DE :
    * STROEER DECIDES TO AMEND ITS CAPITAL ALLOCATION STRATEGY
AND
APPROVES INITIAL SHARE BUYBACK OF UP TO EUR 50M
    * STROEER MANAGEMENT SE, GENERAL PARTNER OF STROEER SE & CO.
KGAA,
DECIDED TO ADD A SHARE BUYBACK ELEMENT TO CAPITAL ALLOCATION
STRATEGY OF STRÖER SE & CO. KGAA AND TO CARRY OUT AN INITIAL
SHARE BUYBACK PROGRAM WITH A TOTAL REPURCHASE VOLUME OF UP TO
EUR 50M
    * PROGRAM IS SCHEDULED TO COMMENCE ON OCTOBER 3, 2022 AND BE
COMPLETED BY APRIL 30, 2023 AT LATEST
    * PERMITS GENERAL PARTNER OF STRÖER SE & CO. KGAA TO
REPURCHASE A
TOTAL VOLUME OF COMPANY SHARES EQUIVALENT TO NO MORE THAN 10% OF
SHARE CAPITAL OF STRÖER SE & CO. KGAA BY NOVEMBER 3, 2025

Source text for Eikon:  ID:nEQKpkxBa 
Further company coverage:  SAXG.DE 
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