EQS-Adhoc
Delticom AG carries out a share buyback program in the amount of up to 100,000 own shares
- Delticom AG implements share buyback program for up to 100,000 own shares.
- Program runs from April 29, 2024 to December 31, 2024.
- Shares to be used as acquisition currency for acquiring companies.
EQS-Ad-hoc: Delticom AG / Key word(s): Share Buyback Publication of inside information according to Article 17 of Regulation (EU) No. 596/2014 |
Delticom AG carries out a share buyback program in the amount of up to 100,000 own shares
Hanover, April 29, 2024 – The Management Board of Delticom AG (“the company”) has resolved to implement a share buyback program, utilizing the authorization granted by resolution of the Annual General Meeting on July 7, 2020. Accordingly, the company will acquire up to 100,000 own shares via the stock exchange in the period from April 29, 2024 to December 31, 2024 at the latest, up to a total purchase price (excluding incidental acquisition costs) of a maximum of EUR 300,000.00 and a maximum of EUR 3.00 each share. The company reserves the right to terminate the buyback program at any time prior to this date. The share buyback program will be carried out under the management of a bank, which will make its decisions on the timing of the acquisition of the shares independently of and without influence by the company. The shares to be acquired as a result of the share buyback program are to be used as acquisition currency for the acquisition of companies.
About Delticom:
With its brand Reifendirekt, Delticom AG is the leading company in Europe for the online distribution of tyres and complete wheels.
The product portfolio for private and business customers comprises an unparalleled range of more than 600 brands and over 40,000 tyre models for cars and motorcycles. Complete wheels and rims complete the product range. The company operates 355 online shops and online distribution platforms in 67 countries, serving more than 19 million customers. In the online shop Reifendirekt.de, sustainable and resource-saving tyres are labelled accordingly and awarded a sustainability seal.