ZEAL Network SE Announces Capital Reduction and Share Repurchase Offer

ZEAL Network SE has announced a capital reduction through the cancellation of 733,851 treasury shares. This decision, authorized by previous General Meetings, will decrease the company's share capital from €22,396,070.00 to €21,662,219.00. The reduction aligns with the company's strategic aim to optimize its capital structure. This move results in fewer shares issued, effectively reducing the total by the same amount as the treasury shares cancelled.

Additionally, ZEAL Network SE plans a public share repurchase offer for up to 568,181 shares, constituting roughly 2.62% of the company's share capital post-reduction. This initiative opens on 18 November 2024, with an offer price of €44.00 per share, concluding on 29 November 2024. Detailed information will be accessible in the offer document available on the company's website from 18 November 2024.