DGAP-Adhoc AlzChem Group AG decides to buy back shares for up to EUR 1 million
DGAP-Ad-hoc: AlzChem Group AG / Key word(s): Share Buyback
Trostberg, February 2, 2021 - The Management Board of AlzChem Group AG decided, with the approval of the Supervisory Board and in accordance with the authorization granted by the Annual General Meeting on May 14, 2019, to buy back, starting February 8, 2021 and for a maximum of twelve months, up to 50,000 shares of the company at a total purchase price of up to EUR 1 million (excl. incidental acquisition costs) via the stock exchange.
The buyback will be carried out for the purpose of acquiring an acquisition currency that is favorable from the company's point of view; the use of the shares for other legally permissible purposes covered by the authorization of the Annual General Meeting is thus not excluded.
Further details of the buyback program will be announced separately immediately before its commencement.
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02-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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|Company:||AlzChem Group AG|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart|
|EQS News ID:||1165192|
|End of Announcement||DGAP News Service|
1165192 02-Feb-2021 CET/CEST