DGAP-Adhoc: Scout24 SE: Scout24 SE resolves share buyback program with a volume of up to 200 million Euros and capital decrease by cancellation

2021. november 03., szerda, 18:20





DGAP-Ad-hoc: Scout24 SE / Key word(s): Share Buyback


Scout24 SE: Scout24 SE resolves share buyback program with a volume of up to 200 million Euros and capital decrease by cancellation


03-Nov-2021 / 18:20 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.




Scout24 SE: Scout24 SE resolves share buyback program with a volume of up to 200 million Euros and capital decrease by cancellation



Munich, 3 November 2021 - Today, the Management Board of Scout24 SE, with the approval of the Supervisory Board, has decided to repurchase own shares with a total volume of up to 200 million Euros via the stock exchange. In this respect, the Company makes use of the authorisation granted by the Annual General Meeting 2021. The share buyback shall start in the first half of November 2021 and is expected to end on 30 June 2022 at the latest.



In addition, the Management Board, with the approval of the Supervisory Board, has decided to cancel 8,500,000 of the 8,586,462 treasury shares held so far. It hereby makes use of the authorisations granted by the Annual General Meeting for the use of treasury shares in the form of a capital decrease by cancellation of treasury shares of the Company. Accordingly, the share capital of Scout24 SE reduces from 92,100,000 to now 83,600,000 shares.



Further details will be released during the course of November 2021 before the start of the share buyback program. Scout24 SE reserves the right to discontinue the share buyback program at any time.



The Management Board



Notifying Person and Investor Relations

Ursula Querette

Head of Investor Relations & Treasury

phone: +49 89 262 02 4939

email: ir@scout24.com



Media Relations

Jan Flaskamp

Vice President Communications & Marketing

phone: +49 30 24301 0721

email: mediarelations@scout24.com











03-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Scout24 SE

Bothestr. 13-15

81675 Munich

Germany
Phone: +49 89 262 02 4939
E-mail: ir@scout24.com
Internet: www.scout24.com
ISIN: DE000A12DM80
WKN: A12DM8
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1245985





 
End of Announcement DGAP News Service




1245985  03-Nov-2021 CET/CEST







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