Freenet AG Launches EUR 100 Million Share Buyback Program

Freenet AG has announced a new share buyback program worth up to EUR 100 million, as approved by its Executive and Supervisory Boards. This initiative is set to take place within the 2025 financial year, with details on the specific period and volume yet to be finalized.

The company is leveraging an authorization from its Annual General Meeting on May 2022, which permits the repurchase of up to 10% of its existing share capital. Currently, Freenet AG holds 50,000 treasury shares, about 0.04% of its share capital.

The buyback aims to reduce share capital through the cancellation of repurchased shares, adhering to the regulations outlined in the EU Regulation No. 596/2014. Freenet AG retains the ability to modify, pause, or cease the program as needed, with further details to follow before its commencement.