MBB SE Completes Share Buyback, Acquiring 6.9% of Its Share Capital

On March 7, 2024, MBB SE announced the successful buyback of 393,522 shares, constituting approximately 6.9% of its total share capital. The buyback, part of a voluntary public offer, saw shares repurchased at €96.00 each, totaling around €37.8 million excluding acquisition costs. The transaction is scheduled for settlement on March 13, 2024.

The original buyback offer aimed for up to 571,639 treasury shares or 10% of the company’s share capital, concluding on March 4, 2024. Gert-Maria Freimuth, one of MBB's major shareholders, participated by tendering a noticeable portion of shares, whereas Dr. Christof Nesemeier, Major shareholder and Executive Chairman, did not.

MBB SE, with significant cash flow and substantial assets, views this buyback as a strategic move to enhance shareholder value while maintaining ample financial capacity for future organic and acquisition-led growth.