EQS-CMS: TAKKT AG: Announcement of information on the buyback program pursuant to Art. 5 par. 1 lit. a) of Regulation (EU) 596/2014 and Art. 2 par. 1 of Delegated Regulation (EU) 2016/1052

EQS Post-admission Duties announcement: TAKKT AG / Share buyback program
TAKKT AG: Announcement of information on the buyback program pursuant to Art. 5 par. 1 lit. a) of Regulation (EU) 596/2014 and Art. 2 par. 1 of Delegated Regulation (EU) 2016/1052

27.06.2023 / 17:28 CET/CEST
Dissemination of a Post-admission Duties announcement transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


TAKKT AG

Stuttgart

Security identification number 744 600

ISIN DE 000 744 600 7

Announcement of information on the buyback program pursuant to Art. 5 par. 1 lit. a) of Regulation (EU) 596/2014 and Art. 2 par. 1 of Delegated Regulation (EU) 2016/1052

Information on the buyback program

The Management Board of TAKKT AG, with its registered office in Stuttgart (ISIN DE 000 744 600 7) resolved on June 27, 2023 to prolong the share buyback program launched at the beginning of October 2022. It is scheduled to end on December 31, 2024 at the latest. The program was previously scheduled to expire on June 30, 2023. The total volume of the share buyback program, which has been running since October 2022, will remain unchanged after the prolongation. TAKKT intends to acquire a total of up to 1,968,309 shares via the stock exchange for a total purchase price of up to EUR 25 million (excluding incidental costs) under the program. The buyback program is based on the authorization by the Shareholders' Meeting on May 18, 2022. The approval of the Supervisory Board is not required.

1. Purpose of the buyback program

The repurchased shares may be used for all purposes permitted under the provisions of stock corporation law and the authorization to acquire treasury shares.

2. Maximum amount of money allocated to the program

The maximum total purchase price for the acquisition of the treasury shares (excluding incidental costs) remains unchanged at EUR 25 million. By June 23, 2023, TAKKT has repurchased 592,788 of its own shares for a total of approximately EUR 7.7 million. This leaves around EUR 17.3 million available for further purchases under the program.

3. Maximum number of shares to be acquired

A maximum of up to 1,968,309 shares in TAKKT AG, corresponding to three percent of the share capital, can be acquired. TAKKT has already bought back 592,788 of its own shares by June 23, 2023.

4. Duration of the program

The buyback program is scheduled to end on December 31, 2024 at the latest. The program, which began on October 6, 2022, was previously scheduled to end on June 30, 2023.

5. Further details

The acquisition of treasury shares within the scope of the share buyback program will continue to be carried out exclusively via the stock exchange by instructing a credit institution. The credit institution will make its decisions on the exact timing of the acquisition of shares independently and uninfluenced by TAKKT AG within the aforementioned period (Art. 4 par. 2 lit. b) of Delegated Regulation (EU) No. 2016/1052).

TAKKT AG will continue to align the share buyback with the provisions of Art. 5 of Regulation (EU) No. 596/2014 as well as the provisions of Delegated Regulation (EU) 2016/1052 and implement it on the basis of the aforementioned authorization of the Shareholders' Meeting of TAKKT AG of May 18, 2022. It will obligate the instructed credit institution accordingly. The credit institution will be obliged vis-à-vis TAKKT AG, among other things, to comply with the trading restrictions of Art. 3 of Delegated Regulation (EU) 2016/1052. In particular, the shares of TAKKT AG will not be acquired at a price higher than that of the last independently executed trade or (should this be higher) higher than that of the currently highest independent bid on the respective trading venue. In addition, TAKKT AG will not acquire more than 25 percent of the average daily volume of shares on the trading venue on which the purchase is made on any trading day. The average daily volume of shares is based on the average daily trade volume during the 20 trading days preceding the specific purchase date.

The right of TAKKT AG to terminate and reassign the mandate of the credit institution in accordance with the legal requirements remains unaffected. The share buyback may be stopped, interrupted and continued at any time in accordance with the legal requirements.

Information on the transactions related to the share buyback program will be adequately disclosed in detailed form as well as in aggregated form no later than the end of the seventh trading day after their execution (Art. 2 par. 3 sent. 1 in conjunction with par. 2 of the Delegated Regulation (EU) 2016/2015). In addition, TAKKT AG will publish the disclosed transactions on its website (www.takkt.de) in the "Investors" section in accordance with Art. 2 par. 3 sent. 2 of Delegated Regulation (EU) 2016/2015 and ensure that the information remains publicly accessible for at least five years from the date of public disclosure.

Stuttgart, Germany, June 27, 2023

TAKKT AG

Management Board



27.06.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: TAKKT AG
Presselstr. 12
70191 Stuttgart
Germany
Internet: www.takkt.de

 
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1667091  27.06.2023 CET/CEST

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