GESCO SE Concludes Share Buyback Program

GESCO SE, a Prime Standard-listed company, has successfully completed its share buyback program, which was initially announced on March 28, 2024. The company bought back a total of 526,647 shares at EUR 17.80 each, although the offer was limited to 500,000 shares, resulting in a repartition rate of 94.9%. Now, GESCO holds 511,314 treasury shares, amounting to 4.72% of its share capital.

CFO Andrea Holzbaur commented on the buyback, stating it significantly enhances shareholder value. The repurchased shares may potentially be used as acquisition currency for new company acquisitions, as per the framework set during the Annual General Meeting on June 18, 2020, although no specific plan for their utilization has been determined yet.