HelloFresh SE to Initiate New EUR 75 Million Share Buyback

HelloFresh SE has announced a new share buy-back program up to EUR 75 million, following the successful completion of its previous EUR 150 million buy-back plan. Approved by the company's supervisory board, this new initiative aims to repurchase shares from the Frankfurt Stock Exchange starting January 2, 2025, with a cap of 10 million shares or end date of December 31, 2025.

The purpose is to counteract share dilution from employee equity incentives in 2025. The company may cancel the repurchased shares, reducing its share capital. HelloFresh retains flexibility to adjust or cease the buy-back prematurely and may not utilize the entire budgeted amount.