Brief: ZEAL Network Announces Share Buyback Program

ZEAL Network SE

02/11/2022 15:03

Nov 2 (Reuters) - ZEAL NETWORK SE  TIMAn.DE :
    * PUBLIC SHARE REPURCHASE OFFER FOR UP TO APPROXIMATELY 3.2%
OF
SHARE CAPITAL
    * HAS RESOLVED TODAY, WITH CONSENT OF SUPERVISORY BOARD,
THAT
COMPANY WILL MAKE A PUBLIC REPURCHASE OFFER TO ZEAL SHAREHOLDERS
FOR UP TO 714,285 NO-PAR VALUE REGISTERED SHARES OF COMPANY
    * THIS CORRESPONDS TO UP TO APPROXIMATELY 3.2% OF CURRENT
SHARE
CAPITAL OF COMPANY.
    * ACCEPTANCE PERIOD FOR REPURCHASE OFFER STARTS ON
WEDNESDAY, 9
NOVEMBER 2022 AND ENDS AT MIDNIGHT (LOCAL TIME FRANKFURT AM
MAIN, GERMANY) ON TUESDAY, 29 NOVEMBER 2022, SUBJECT TO
EXTENSION
    * OFFER PRICE PER ZEAL SHARE TENDERED FOR REPURCHASE IS EUR
28.00
    * IF MORE THAN 714,285 ZEAL SHARES ARE TENDERED FOR
REPURCHASE
UNDER REPURCHASE OFFER, DECLARATIONS OF ACCEPTANCE WILL BE
CONSIDERED ON A PRO RATA BASIS, WITH OFFERS OF UP TO 100 SHARES
BEING ACCEPTED ON A PREFERENTIAL BASIS

Source text for Eikon:  ID:nEQ7fYf3ga 
Further company coverage:  TIMAn.DE 
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