GESCO SE Announces Public Share Buyback Offer

GESCO SE, in a move approved by both its Executive and Supervisory Boards, has announced a voluntary public share buyback offer to purchase up to 500,000 no-par value registered shares. The offer, priced at EUR 17.80 per share, represents approximately 4.61% of the company's statutory share capital. This action utilizes the authorization from the Annual General Meeting held on 18 June 2020, under Section 71 para. 1 no. 8 AktG, allowing the acquisition of treasury shares.

The buyback period is set to commence on 11 April 2024 and will conclude on 25 April 2024, unless adjusted. The company aims to use these repurchased shares for any purpose within the bounds of the grant. Interested shareholders can find more details in the company's offer document, which will be available on the GESCO website and in the Federal Gazette before the acceptance period begins.