EQS-Adhoc: CANCOM SE: CANCOM SE decides to buy back shares
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EQS-Ad-hoc: CANCOM SE / Key word(s): Share Buyback/Share Buyback Munich, Germany, 21 June 2023 – The Executive Board of CANCOM SE today resolved, with the consent of the Supervisory Board, to make use of the authorisation granted at the Annual General Meeting on 28 June 2022 to acquire treasury shares in accordance with Section 71 (1) no. 8 of the German Stock Corporation Act (AktG) and to acquire treasury shares in the period from 3 July 2023 to 30 June 2024 at the latest up to 3,854,800 own shares (up to 10 percent of the share capital existing at the time of the authorisation resolution) and thus up to a total of approximately 9.92 percent of the current share capital. The purchase is to be made via the stock exchange. The purchase price per share paid by the Company (excluding incidental costs) may not be more than 10 percent higher or lower than the arithmetic mean of the closing auction prices of CANCOM SE shares in XETRA trading (or a comparable successor system) on the Frankfurt Stock Exchange on the last three trading days before the purchase. The buy-back shall be carried out under the guidance of a securities firm or a credit institution in accordance with the safe harbour provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. The commissioned securities firm or credit institution shall make its decisions on the timing of the share purchase independently of and without influence by CANCOM SE. It is intended to use the acquired shares for all legally permissible purposes. All transactions, once executed, will be disclosed weekly on the Company's website at www.cancom.com in the "Investors" section.
Notifying company: Contact / Notifying Person: End of Inside Information Information and Explanation of the Issuer to this announcement: About CANCOM The CANCOM Group’s range of IT solutions includes consulting, implementation, services, and the management of IT systems. Customers benefit from the extensive expertise as well as a holistic and innovative portfolio that covers the IT requirements that are necessary for a successful digital transformation. As a hybrid IT integrator and service provider, the Company provides an integrated range of services and solutions including business solutions and managed services, such as cloud computing, analytics, enterprise mobility, IT security, hosting, and as-a-service offerings. With more than 4,000 employees, CANCOM Group and its efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland and Belgium. The CANCOM Group is led by Rüdiger Rath (CEO) and Thomas Stark (CFO). The company is headquartered in Munich, Germany. CANCOM generated revenue of around € 1.3 billion in the financial year 2022. Its parent company CANCOM SE is listed in the SDAX and TecDAX of the Frankfurt Stock Exchange (ISIN DE0005419105).
21-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | CANCOM SE |
| Erika-Mann-Straße 69 | |
| 80636 Munich | |
| Germany | |
| Phone: | +49-(0)89/54054-0 |
| Fax: | +49-(0)89/54054-5119 |
| E-mail: | [email protected] |
| Internet: | http://www.cancom.de |
| ISIN: | DE0005419105 |
| WKN: | 541910 |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1662461 |
| End of Announcement | EQS News Service |
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1662461 21-Jun-2023 CET/CEST
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