Delticom AG Announces Share Buyback Program

Delticom AG, a noted entity in the market, has initiated a share buyback program involving up to 100,000 of its own shares. This decision, effective from April 29, 2024, follows the authorization from the Annual General Meeting dated July 7, 2020. The program is set to take place on the stock exchange and will run until December 31, 2024, or until the earmarked funds of EUR 300,000 are expended, whichever comes first.

The company clarified that each share will be bought back at a price no more than EUR 3.00, not including incidental acquisition costs. Delticom AG may conclude the buyback much before the December deadline. A bank will oversee the buyback operations, ensuring the purchase timing decisions remain independent of the company's influence. The primary use of the repurchased shares will be to serve as currency in forthcoming company acquisitions.