Leifheit AG Announces Share Buy-Back Program

Leifheit Aktiengesellschaft has disclosed a new share buy-back program approved by the Supervisory Board, as stated in an announcement released on May 2, 2024. The program, with a total volume of up to €8.5 million, is set to commence on May 13, 2024, and will continue until December 11, 2024. This initiative aims to allow shareholders to benefit from the company's strong liquidity beyond regular dividends.

The buy-back will be executed through XETRA trading and Tradegate Exchange on the Frankfurt Stock Exchange. This decision utilizes the authorization granted by the Annual General Meeting on September 30, 2020, permitting the company to acquire up to 10% of its share capital until September 29, 2025. An independent credit institution will handle the buy-back process, ensuring that the timing of purchases is determined independently of Leifheit AG.

This strategic move underscores Leifheit's commitment to returning value to its shareholders while maintaining flexibility in managing its treasury shares. The shares obtained may be used for various corporate transactions, including mergers and acquisitions. The program's details are set to be outlined further before its initiation.