GEA Group Aktiengesellschaft
GEA Group Aktiengesellschaft: Disclosure pursuant to Art. 5 para. 1 lit. a) of Regulation (EU) No. 596/2014 and Art. 2 para. 1 sentence 2 of Commission Delegated Regulation (EU) 2016/1052
GEA Group Aktiengesellschaft
/ Extension of the period of the share buyback program
Düsseldorf, 6 November 2024
Disclosure pursuant to Art. 5 para. 1 lit. a) of Regulation (EU) No. 596/2014 and Art. 2 para. 1 sentence 2 of Commission Delegated Regulation (EU) 2016/1052 Extension of the period of the share buyback program
The Executive Board of GEA Group Aktiengesellschaft in Düsseldorf (“GEA“) resolved on 7 November 2023 to acquire own GEA shares (ISIN DE0006602006) (“GEA Shares“) for a total purchase price of up to EUR 400 million (not including ancillary acquisition costs) via the stock exchange. The Executive Board is thus availing itself of the authorisation to buy back shares granted by the Annual General Meeting on 27 April 2023. The repurchased shares are to be cancelled without a corresponding reduction of the Company’s share capital. The second tranche with a purchase price (not including ancillary acquisition costs) of up to EUR 250 million, but in any event not more than 12,000,000 GEA-Shares, which was announced by notification dated 8 May 2024 (published on 13 May 2024), previously envisaged the acquisition of GEA Shares in the period from 3 June 2024 until presumably end of February 2025. The Executive Board of GEA resolved on 6 November 2024 to extend the second tranche. GEA now intends to acquire GEA Shares as part of the second tranche until presumably 8 April 2025. The remaining parameters of the share buyback program to be announced in accordance with Article 2 para. 1 sentence 1 of Commission Delegated Regulation (EU) 2016/1052 remain unchanged. GEA will continue to provide regular information regarding the progress of the share buyback program at www.gea.com and keep that information available to the public for at least a 5-year period from the date of public disclosure.
07.11.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | GEA Group Aktiengesellschaft |
Peter-Müller-Straße 12 | |
40468 Düsseldorf | |
Germany | |
Internet: | www.gea.com |
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