HomeToGo Announces Tender Offer for Up To 1.25 Million Class A Shares

HomeToGo SE, a leader in the SaaS-enabled marketplace for vacation rentals, has launched a public share tender offer to acquire up to 1.25 million of its Class A shares. This move is set to augment HomeToGo’s ongoing €10 million share buyback program, aiming to heighten its efficiency without increasing the overall volume of repurchases. Authorized by the Annual General Meeting on May 24, 2022, this tender offer represents up to 1.0% of the Company's share capital.

Open to all Class A shareholders, the offer proposes a purchase price between €2.00 and €2.40 per share, with the goal of reaching a Maximum Offer Volume of €2.5 million. Depending on shareholder responses and the final purchase price determination post the acceptance period ending on April 12, 2024, the maximum share volume to be repurchased may slightly vary. HomeToGo looks to employ a pro-rata basis for share acceptance in case of over-subscription.

Moreover, HomeToGo retains the right to modify the tender offer terms, including the price range and acceptance period duration, prior to acceptance period conclusion. Any adjustments and the offer's outcome will be disclosed on HomeToGo’s Investor Relations website, where further details are available in the offer document.