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EQS-Adhoc: TAKKT AG resolves on share buyback program with a volume of up to EUR 25 million

eqs_en 
0 0 04.10.22
EQS-Adhoc: TAKKT AG resolves on share buyback program with a volume of up to EUR 25 million: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24126/375px-TAKKT-AG-Logo.svg.png
 

EQS-Ad-hoc: TAKKT AG / Key word(s): Share Buyback
TAKKT AG resolves on share buyback program with a volume of up to EUR 25 million

04-Oct-2022 / 18:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

TAKKT AG resolves on share buyback program with a volume of up to EUR 25 million

Stuttgart, Germany, October 4, 2022. In view of the current valuation, the high equity ratio and the cash flow strength of the business model, the Management Board of TAKKT AG today decided to buy back up to three percent of the current share capital.

TAKKT intends to acquire up to 1,968,309 shares via the stock exchange for a total purchase price of up to EUR 25 million (excluding incidental costs). The buyback program will start on October 6, 2022 and will run until June 30, 2023 at the latest. It is based on the authorization by the Shareholders' Meeting on May 18, 2022. The repurchased shares may be used for all purposes permitted under the provisions of stock corporation law and the aforementioned authorization.

TAKKT remains committed to its existing dividend policy.


Contact:
Michael Loch
VP Group Treasury & Invstor Relations
Presselstr. 12
70191 Stuttgart
Germany
+49 711 3465 8222

04-Oct-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: TAKKT AG
Presselstr. 12
70191 Stuttgart
Germany
Phone: +49 (0)711 3465 80
Fax: +49 (0)711 3465 8104
E-mail: [email protected]
Internet: www.takkt.de
ISIN: DE0007446007
WKN: 744600
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange
EQS News ID: 1456741

 
End of Announcement EQS News Service

1456741  04-Oct-2022 CET/CEST

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Takkt AG Stock

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A loss of -1.180% shows a downward development for Takkt AG.

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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