HomeToGo Successfully Concludes Share Tender Offer

On April 17, 2024, HomeToGo SE, operating from Luxembourg and listed on the Frankfurt Stock Exchange under the ticker HTG, declared the results of its public share tender offer aiming to enhance its ongoing 2023 share buyback program. The company, a leading SaaS-enabled marketplace offering a vast array of vacation rentals globally, confirmed the tender of 3,744,219 Class A shares. Of these, 1,249,991 shares will be repurchased at €2.00 each, totaling approximately €2.5 million.

This repurchase aligns with the company's strategy to optimize shareholder value without increasing the overall repurchase volume. The final purchase price triggered a pro-rata buyback due to the number of shares tendered exceeding those accepted for repurchase. As a result, the allocation ratio was about 0.458 per tendered share.

With this move, HomeToGo anticipates holding roughly 4.8% of its share capital in treasury shares post-transaction. The funds for the repurchased shares are to be available in the respective custodian banks by April 23, 2024. Furthermore, the 2023 share buyback program's scope has been adjusted to a maximum of €7.5 million, down from €10 million, maintaining the collective repurchase cap at €10 million.