EQS-Adhoc: TAKKT AG prolongs current share buyback program with a total volume of up to EUR 25 million until the end of December 2024

TAKKT AG prolongs current share buyback program with a total volume of up to EUR 25 million until the end of December 2024

Stuttgart, Germany, June 27, 2023. In view of the continued high equity ratio and the cash flow strength of the business model, the Management Board of TAKKT AG today resolved to prolong the buyback program launched in early 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 extension. 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.

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. The buyback program is based on the authorization by the Shareholders' Meeting on May 18, 2022. The repurchased shares may be used for all purposes permitted under the provisions of stock corporation law and the aforementioned authorization.
Contact:
Benjamin Bühler
Investor Relations
Presselstr. 12
70191 Stuttgart
Germany
+49 711 3465 8223