Fraport AG Introduces Share Buyback Plan for Employee Program

Frankfurt, 24 May 2024 – Fraport AG Frankfurt Airport Services Worldwide announced the launch of a share buyback initiative as part of its employee participation program. The Executive Board has approved the repurchase of up to 75,000 shares, about 0.081 percent of the company's capital stock.

The buyback complies with Sec. 71 (1) No. 2 of the German Stock Corporation Act and aims solely to meet commitments arising from the employee share capital program. The total purchase budget is capped at EUR 4,000,000, excluding incidental costs.

The repurchase program starts on 04 June 2024 and concludes by 30 June 2024. An independent financial service provider will execute the share buyback according to safe harbour rules and EU regulations.

Specific conditions include purchasing at market prices, not exceeding the highest of the last independent trade price or the highest current independent bid. Additionally, daily purchases are restricted to 25 percent of the average daily trading volume in April 2024.