PVA TePla AG Initiates Share Buyback Program for Strategic Goals

PVA TePla AG has unveiled a share buyback initiative aimed at bolstering its strategic acquisitions and long-term compensation frameworks. Authorized by the company's management board and with the supervisory board's consent, this program will facilitate mergers, acquisitions, and the issuance of shares to board members and employees. The buyback period spans from November 22, 2024, to December 31, 2025, targeting up to 10% of the company's share capital.

Per the annual general meeting's approval in June 2023, PVA TePla plans to repurchase up to 2,174,998 shares, with an expenditure ceiling of EUR 30 million, excluding transaction costs. A predefined program will guide the buyback, executed via a bank, under European regulations.