MBB SE Announces €15 Million Share Buyback and Treasury Shares Cancellation

On October 30, 2024, MBB SE, a medium-sized family business based in Berlin, declared its plan to initiate a share buyback program. Authorized by the Annual General Meeting in June 2024, the company aims to repurchase shares worth up to €15 million, with a maximum price of €120 per share. The buyback is set to begin on November 15, 2024, and conclude by April 30, 2025.

The buyback will adhere to Safe Harbour provisions as per EU regulations. Concurrently, MBB SE decided to cancel 280,223 treasury shares, constituting 4.90% of its share capital, reducing the total from 5,716,392 to 5,436,169 shares. This action reflects the company's response to what it perceives as share undervaluation, supported by its solid financial position.