Brief: Teamviewer Resolves On New Share Buyback Program With A Volume Of Up To EUR 150 Mln

TeamViewer SE

07/12/2023 11:45

Dec 7 (Reuters) - TEAMVIEWER SE  TMV.DE :
    * RESOLVES ON NEW SHARE BUYBACK PROGRAM WITH A VOLUME OF UP
TO EUR
150 MILLION
    * BUYBACK WILL START SHORTLY AND IS SCHEDULED TO BE
COMPLETED
WITHIN 2024
    * REMAINDER OF PROGRAM IS SUBJECT TO RENEWAL OF BUYBACK
AUTHORIZATION BY ANNUAL GENERAL MEETING IN JUNE 2024
    * FOR AN INITIAL AMOUNT OF UP TO 10.7 MILLION SHARES,
COMPANY
MAKES USE OF EXISTING AUTHORIZATION GRANTED BY ANNUAL GENERAL
MEETING 2023
    * CAN HOLD UP TO 10 PERCENT OF ITS SHARE CAPITAL AS TREASURY
SHARES FOR LEGALLY PERMITTED PURPOSES UNDER GERMAN STOCK
CORPORATION LAW.
    * COMPANY WILL CANCEL ANY NECESSARY AMOUNT OF SHARES BEFORE
EXCEEDING THRESHOLD
    * FURTHER DETAILS WILL BE ANNOUNCED SEPARATELY PRIOR TO
START OF
SHARE BUYBACK PROGRAM

Source text for Eikon:  ID:nEQ2LQByga 
Further company coverage:  TMV.DE 

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