25.09.2024 21:32:28
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EQS-CMS: Scout24 SE: Release of a capital market information
EQS Post-admission Duties announcement: Scout24 SE
/ DISCLOSURE CORRESPONDING TO ART. 5(1) LIT. A) OF REGULATION (EU) NO. 596/2014 AND ART. 2(1) OF DELEGATED REGULATION (EU) NO. 2016/1052 // SHARE BUYBACK PROGRAMME
Scout24 SE: Release of capital market information DISCLOSURE CORRESPONDING TO ART. 5(1) LIT. A) OF REGULATION (EU) NO. 596/2014 AND ART. 2(1) OF DELEGATED REGULATION (EU) NO. 2016/1052 // SHARE BUYBACK PROGRAMME The Management Board of Scout24 SE, Munich, ISIN DE000A12DM80, resolved on 23 September 2024, with the approval of the Supervisory Board, (cf. ad hoc announcement of 23 September 2024) to repurchase own shares of the Company with a volume of up to 150 million Euros via the stock exchange. The share buyback shall not commence before 26 September 2024 (earliest possible purchase date) and will be completed no later than 31 December 2026 (latest possible purchase date). In this period and in accordance with the resolved buyback programme, own shares of the Company worth up to a maximum of 150 million Euros (excluding transaction costs) shall be repurchased in one or several separate tranches via the stock exchange or via a multilateral trading system within the meaning of section 2 (6) of the German Stock Exchange Act (Börsengesetz). The maximum number of shares repurchased in the or the further tranches shall not exceed a total amount of 5,397,103 shares. Against the background of the Annual General Meeting 2025 scheduled for 5 June 2025 and its legally compliant execution, no shares are expected to be repurchased in the period from 10 April 2025 until 29 April 2025 and from 24 May 2025 until 5 June 2025. Corresponding buyback pauses will also be set forth in connection with the planned Annual General Meeting 2026 to the extent that this is necessary for the legally compliant execution of this Annual General Meeting 2026. In a first tranche, own shares of the Company worth up to 50 million Euros (excluding transaction costs) will be repurchased starting from 26 September 2024, at the earliest, until no later than 8 April 2025. Therefore, the Company makes use of the authorization granted by the Annual General Meeting on 5 June 2024 to acquire own shares pursuant to section 71 (1) no. 8 of the German Stock Corporation Act (Aktiengesetz - AktG). On the basis of the closing price in XETRA trading on the Frankfurt stock exchange (as of 25 September 2024: 78.35 Euro), the value of 50 million Euros corresponds to a volume of up to ca. 638,162 shares. However, the maximum number of shares repurchased in this tranche shall not exceed a total amount of 5 million shares The own shares will be repurchased for legally permitted purposes. The shares acquired as part of this share buyback programme, together with other shares, which the Company has already acquired pursuant to section 71 (1) no. 8 of the AktG and still holds, will at no time exceed 10 % of the share capital. The buyback of the first tranche will be implemented by a credit institution which makes its decisions on the timing of the share purchases independently and without being influenced by the Company. The right of Scout24 SE to terminate the mandate with the bank prematurely and to reassign it to another bank remains unaffected. The buyback of own shares will be carried out in accordance with Art. 5 (1) of the Regulation (EU) No 596/2014 (MAR) in conjunction with the Commission Delegated Regulation (EU) No. 2016/1052 (Delegated Regulation (EU) 2016/1052) except for the limitations of the purposes set out in Article 5 (2) MAR. In accordance with the authorization granted by the Annual General Meeting on 5 June 2024, the countervalue per Scout24 share paid by Scout24 SE (excluding incidental purchase costs) may not exceed by more than 10 %, or fall below by more than 20 %, the average closing price of a Scout24 share in the XETRA trading system (or a comparable successor system) on the Frankfurt stock exchange on the last three trading days preceding the obligation to acquire. In addition, in accordance with the trading conditions of Art. 3 of the Delegated Regulation (EU) No. 2016/1052, no purchase price will be paid which exceeds the higher of the price of the last independent trade or the highest last independent purchase bid on the trading venue where the purchase is carried out, including when the shares are traded on different trading venues. In accordance with the Delegated Regulation (EU) No. 2016/1052, no more than 25 % of the average daily volume of the shares at the trading venue on which the respective purchase is carried out may be acquired on any trading day; the average daily volume of the shares results from the average daily trading volume during the 20 trading days preceding the specific day of purchase. Buyback orders will only be placed during continuous trading and not in the context of auction phases, and orders existing at the beginning of an auction phase will not be changed during this phase. The share buyback may be modified, suspended and resumed at any time in compliance with the applicable statutory provisions. Information on the transactions relating to the buyback programme will be duly disclosed in accordance with Art. 2 (2) and (3) of the Delegated Regulation (EU) No. 2016/1052 no later than by the end of the seventh trading day following the date of the execution of such transactions in a detailed as well as in an aggregated form. Moreover, Scout24 SE will publish all disclosed transactions on its website https://www.scout24.com/en/investor-relations/share/share-buybacks in accordance with Art. 2 (3) of the Delegated Regulation (EU) No. 2016/1052 and will keep that information available to the public for at least a 5-year period from the date of public disclosure. Munich, 25 September 2024 Scout24 SE The Management Board
25.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Scout24 SE |
Invalidenstraße 65 | |
10557 Berlin | |
Germany | |
Internet: | www.scout24.com |
End of News | EQS News Service |
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1995837 25.09.2024 CET/CEST
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