EQS-Adhoc
INDUS Holding AG: INDUS Holding AG launches public share buyback offer
- INDUS Holding AG launches public share buyback offer
- Share buyback offer for up to 1,100,000 shares at EUR 23.00 each
- Offer valid from 22 Feb to 1 Mar 2024, utilizing shareholder authorization
EQS-Ad-hoc: INDUS Holding AG / Key word(s): Share Buyback NOT FOR DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR DISSEMINATION WOULD BE UNLAWFUL. FURTHER RESTRICTIONS APPLY. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS AD HOC ANNOUNCEMENT. |
Disclosure of inside information pursuant to Art. 17 of Regulation (EU) No. 596/2014
Keywords: Share buyback
INDUS Holding AG launches public share buyback offer
Bergisch Gladbach, 21 February 2024. Today, the Board of Management of INDUS Holding resolved, with the approval of the Supervisory Board, to launch a public buyback offer to shareholders of INDUS Holding AG for up to 1,100,000 no-par value bearer shares of INDUS Holding AG (ISIN DE0006200108) at a price of EUR 23.00 per share. Thus, the volume of the share buyback amounts to up to EUR 25,300,000 in aggregate. Shareholders of the company can accept the share buyback offer during the period from 22 February 2024 to 1 March 2024 (in each case inclusive).
With today’s public share buyback offer, the company is utilizing the authorization granted by the company's annual shareholders’ meeting on 13 August 2020 to buy back shares for up to 10% of the company’s share capital by 12 August 2025. The authorization has not been exercised to date and, the company currently does not hold any treasury shares. If the share buyback offer were to be fully implemented, the company would hold treasury shares corresponding to approximately 4.09% of the company's registered share capital. The repurchased shares may be used for all purposes permitted under the authorization.