DGAP-Ad-hoc: CompuGroup Medical SE & Co. KGaA / Key word(s): Share Buyback
The general partner of CompuGroup Medical SE & Co. KGaA (the "Company") (ISIN: DE000A288904 | WKN: A28890), utilising the authorization granted by its annual general meeting of May 15, 2019 and pursuant to section 71(1) no. 8 of the German Stock Corporation Act (Aktiengesetz), resolved today to increase and extend the share buy-back program which had been announced on February 25, 2021 and commenced on February 26, 2021.
The initial volume of the ongoing share buy-back program of up to 500,000 shares will now be increased by up to another 500,000 shares to an aggregate maximum number of 1,000,000 shares of the Company (corresponding to approx. 1.86% of the Company's share capital). The maximum purchase price (excluding transaction costs) taking into account the shares already purchased so far will be EUR 73,000,000.00 for the total share buy-back program.
The Share Buy-back Program will continue to be carried out by a credit institution which will acquire the shares on the stock market and will decide on the timing of acquisition independently of the Company in accordance with the safe harbor provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (Market Abuse Regulation) in conjunction with the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. In addition, the purchase price per share (excluding transaction costs) paid must not exceed, or fall short of, the volume-weighted average price of the Company's share in XETRA trading on the Frankfurt Stock Exchange during the last five trading days before the acquisition date by more than 10%.
The duration of the share buy-back program will be extended until and including May 5, 2021. The Company's treasury shares acquired by means of the share buy-back program are to be used for the purposes permitted under the authorization granted by the annual general meeting of May 15, 2019.
Further details will be published separately by the Company prior to the start of the share buy-back.
25-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||CompuGroup Medical SE & Co. KGaA|
|Maria Trost 21|
|Phone:||+49 (0)261 8000 7030|
|Fax:||+49 (0)261 8000 3200|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1178713|
|End of Announcement||DGAP News Service|
1178713 25-March-2021 CET/CEST