Webdisclosure.com

Search

MBB INDUSTRIES AG (FRA:MBB) MBB SE resolves share buyback program 2021

Directive transparence : information réglementée

01/06/2021 07:57

DGAP-Ad-hoc: MBB SE / Key word(s): Share Buyback
MBB SE resolves share buyback program 2021

01-Jun-2021 / 07:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of inside information acc. to Article 17 MAR

MBB SE resolves share buyback program 2021

Berlin, 1 June 2021 - MBB SE (ISIN DE000A0ETBQ4), a medium-sized family business, today resolved to make use of the authorisation granted by the Annual General Meeting on 28 May 2019 to acquire own shares in accordance with section 71 (1) no. 8 of the AktG. The company intends to buy back up to 30,000 own shares with a maximum volume of €5.0 million via the stock exchange starting from 14 June 2021. The share buyback program is scheduled to end on 31 December 2021 at the latest.

MBB increased adjusted EBITDA by 24.0% to €19.6 million in the first quarter of 2021, although revenue declined by 12.6% to €150.2 million compared to the previous year, which was still largely unaffected by COVID-19. Thanks in particular to the successful IPO of Friedrich Vorwerk Group SE, cash of the MBB Group increased to €598.9 million as of 31 March 2021, of which €375.8 million was attributable to the holding company MBB SE. Amid the Group's sound operating prospects as well as the increasing number of M&A opportunities, MBB believes it is ideally positioned to continue its sustainable growth trajectory.

The share buyback is carried out in accordance with the Safe Harbor Rules defined under Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council dated 16 April 2014, in conjunction with the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016.

Further details on the share buyback will be published at www.mbb.com/ir/buyback.

 

MBB SE
Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
request@mbb.com
www.mbb.com

Executive Management
Dr Christof Nesemeier (CEO)
Dr Constantin Mang
Klaus Seidel

Chairman of the Board
Gert-Maria Freimuth

Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458


01-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: MBB SE
Joachimsthaler Strasse 34
10719 Berlin
Germany
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: anfrage@mbb.com
Internet: www.mbb.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1202894

 
End of Announcement DGAP News Service

1202894  01-Jun-2021 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1202894&application_name=news&site_id=symex