CANCOM SE Initiates Treasury Share Cancellation and Capital Reduction

CANCOM SE has announced a strategic move to cancel its acquired treasury shares, amounting to 3,501,705 units, alongside a capital reduction. This decision was made by the Executive Board and awaits approval from the Supervisory Board. These shares represent 10% of the company's share capital, initially acquired through the "Share Buyback Offer 2024" during July. The capital will decrease by €3,501,705, bringing the total down to €31,515,345.

Following this reduction, the company's share capital is divided into 31,515,345 no-par value shares, each valued at €1.00. This aligns with CANCOM's strategy to manage share capital effectively. The notification was made from Munich, with details provided by Lars Dannenberg.