CANCOM SE Announces Capital Reduction and Share Buyback Offer

Munich, Germany, 1 July 2024 - CANCOM SE's Executive Board, with Supervisory Board approval, resolved to cancel 1,669,758 treasury shares and reduce share capital. The company also announced a public share buyback offer at €33.00 per share.

The cancelled treasury shares represent 4.55% of the company's share capital. Following the cancellation, the share capital will be reduced from €36,686,808 to €35,017,050, divided into 35,017,050 no-par value shares.

Using authorization from the Annual General Meeting on 5 June 2024, CANCOM plans to repurchase up to 3,501,705 shares, equivalent to 10% of the share capital post-reduction. The buyback offer period begins 4 July and ends 24 July 2024.

The share buyback aims to optimize CANCOM’s capital structure while maintaining financial resources for growth. Detailed buyback information will be available at www.investors.cancom.com/share-buyback-offer-2024/ and in the Federal Gazette.