EQS-Adhoc: Westwing Group SE: Resolution to make a public share buyback offer

Publication of inside information pursuant to Article 17 (1) of Regulation (EU) 596/2014 on market abuse (Market Abuse Regulation – MAR)

Westwing Group SE: Resolution to make a public share buyback offer

Munich, November 8, 2024 // The management board of Westwing Group SE decided today, with the approval of the supervisory board, to make a public share buyback offer to the shareholders of Westwing Group SE for a total of up to 1,200,000 shares at a price of EUR 8.25 per share. The public share buyback will also be open to U.S. shareholders on the basis of a separate offer document. The total volume of the share buyback offer therefore amounts to up to EUR 9,900,000.00. The period for acceptance of the offer is expected to begin on November 12, 2024 and is expected to end on December 10, 2024.

With the public share buyback offer resolved today, Westwing Group SE makes use of the authorization granted by the Annual General Meeting of the Westing Group SE on June 19, 2024, under which up to 10% of the company's share capital may be bought back by the end of June 18, 2029 (including). The shares bought back may be used for all of the purposes permitted under the authorization granted by the Annual General Meeting of June 19, 2024.

Westwing Group SE currently holds 885,795 treasury shares. This corresponds to approx. 4.24% of the company's share capital.

More details on the public share buyback offer are included in the offer document, which will be published on the website of Westwing Group SE (https://www.westwing.com) under the heading “Investor Relations – Share – Share Buy-back 2024” with the start of the offer period and, thereafter, in the German Federal Gazette (Bundesanzeiger) (www.bundesanzeiger.de). The offer document for U.S. shareholders will be made available separately on the website of Westwing Group SE (https://www.westwing.com) under the heading “Investor Relations – Share – Share Buy-back 2024” prior to the start of the offer period.

Disclaimer

Certain statements in this communication may constitute forward-looking statements. These statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties. You should not rely on these forward-looking statements as predictions of future events and we undertake no obligation to update or revise these statements. Our actual results may differ materially and adversely from any forward-looking statements discussed in these statements due to a number of factors. These include, without limitation, risks from macroeconomic developments, external fraud, inefficient processes at fulfilment centres, inaccurate personnel and capacity forecasts for fulfilment centres, hazardous materials/production conditions with regard to private labels, insufficient innovation capabilities, inadequate data security, insufficient market knowledge, strike risks and changes in competition levels.
 

Contact

Teresa Fischer Perez-Lozao

Investor Relations

E-Mail: ir@westwing.de