Adesso SE Announces EUR 10 Million Share Buyback

adesso SE has announced a share buyback program worth up to EUR 10 million. The decision was made by the Executive Board, utilizing the authorization granted at the Annual General Meeting on June 3, 2020. The buyback aims to acquire shares up to a total volume of approximately 2.1% of the company's share capital. This is based on the current share price as of October 10, 2024.

The acquisition process will be conducted through a bank, which will independently determine the timing of purchases. The buyback will be executed through the stock exchange and adhere to the provisions of Regulation (EU) No. 596/2014 and its associated regulations. The program is set to commence on October 14, 2024, and complete by April 11, 2025, subject to Supervisory Board approval.