DGAP-Adhoc: CANCOM SE: CANCOM decides to buy back shares

2021. október 11., hétfő, 18:06





DGAP-Ad-hoc: CANCOM SE / Key word(s): Share Buyback


CANCOM SE: CANCOM decides to buy back shares


11-Oct-2021 / 18:06 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




CANCOM SE: CANCOM decides to buy back shares



Munich, Germany, 11 October 2021 - The Executive Board of CANCOM SE today resolved, with the consent of the Supervisory Board, to make use of the authorisation granted at the Annual General Meeting on 26 June 2019 to acquire treasury shares in accordance with section 71 (1) no. 8 of the German Stock Corporation Act (AktG) and to acquire up to 3,504,363 treasury shares (up to 10 percent of the share capital existing at the time of the authorisation resolution) and thus up to a total of approximately 9.09 percent of the current share capital in the period from 20 October 2021 to 19 October 2022 at the latest. No treasury shares have been acquired on the basis of this authorisation to date.



The shares are to be acquired via the stock exchange. The purchase price per share paid by the Company (excluding ancillary acquisition costs) may not be more than 10 percent higher or lower than the arithmetic mean of the closing auction prices for CANCOM SE shares in XETRA trading (or a comparable successor system) on the Frankfurt Stock Exchange on the last three trading days before the purchase.



The share buyback will be conducted under the guidance of an independent credit institution in accordance with the safe harbour provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. The appointed credit institution will make its decisions regarding the timing of the share purchase independently of and without influence by CANCOM SE.



It is intended to use the acquired shares for all legally permissible purposes. The shares may also be cancelled.



All transactions, once executed, are disclosed weekly on the Company"s website at https://www.cancom.de under the section "Investors".



Notifying Company:

CANCOM SE, Erika-Mann-Strasse 69, 80636 Munich

ISIN DE0005419105, Frankfurt Stock Exchange (MDAX, TecDAX, Prime Standard)



Contact / Notifying person:

Sebastian Bucher, Manager Investor Relations

+49 (0)89 540545193

sebastian.bucher@cancom.de



 











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Language: English
Company: CANCOM SE

Erika-Mann-Straße 69

80636 Munich

Germany
Phone: +49-(0)89/54054-0
Fax: +49-(0)89/54054-5119
E-mail: info@cancom.de
Internet: http://www.cancom.de
ISIN: DE0005419105
WKN: 541910
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1239914





 
End of Announcement DGAP News Service




1239914  11-Oct-2021 CET/CEST







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