Alzchem Group AG Announces Share Buyback of Up to EUR 6 Million

On November 5, 2024, Alzchem Group AG's Management Board, with approval from the Supervisory Board, decided to initiate a share buyback program. The company plans to repurchase up to 100,000 shares from the stock market. The buyback is valued at a total of up to EUR 6 million, excluding transaction costs, and will occur within a 12-month period starting December 2024.

This strategic move aims to utilize the reacquired shares for acquisition purposes, allocate them to Alzchem employees, or even redeem the shares. The initiative aligns with the authorization given by the Annual General Meeting 2024 and the regulations outlined in the EU's Delegated Regulation 2016/1052.

Further specifics regarding the share buyback procedure will be communicated just before the program's launch. Shareholders and market participants are advised to keep an eye out for these future announcements.