DATAGROUP SE Announces Shareholder Value Enhancement Measures

DATAGROUP SE, a prominent German IT service provider, has initiated a comprehensive program to boost shareholder value, as unveiled on November 16, 2024. The scheme, which caused a positive ripple effect on the share price, included a public share buyback offer now concluded. During the offer, 50,756 shares were repurchased at EUR 42.13 each, equating to 0.6% of the share capital. Consequently, the company now holds 68,297 treasury shares, representing about 0.8% of the share capital.

These treasury shares can facilitate statutory options, such as financing company takeovers or implementing employee share programs. The preliminary data for FY 2023/2024 revealed organic growth, reinforcing DATAGROUP's market position despite challenging conditions. CEO Andreas Baresel emphasized continued growth and value for shareholders in the fiscal year 2024/2025. The management will deliberate future policies potentially revisiting their dividend strategy.