par Westwing Group AG (isin : DE000A2N4H07)
EQS-Adhoc: Westwing Group SE: Resolution to make a public share buyback offer
EQS-Ad-hoc: Westwing Group SE / Key word(s): Share Buyback
Westwing Group SE: Resolution to make a public share buyback offer
08-Nov-2024 / 08:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of inside information pursuant to Article 17 (1) of Regulation (EU) 596/2014 on market abuse (Market Abuse Regulation – MAR)
Westwing Group SE: Resolution to make a public share buyback offer
Munich, November 8, 2024 // The management board of Westwing Group SE decided today, with the approval of the supervisory board, to make a public share buyback offer to the shareholders of Westwing Group SE for a total of up to 1,200,000 shares at a price of EUR 8.25 per share. The public share buyback will also be open to U.S. shareholders on the basis of a separate offer document. The total volume of the share buyback offer therefore amounts to up to EUR 9,900,000.00. The period for acceptance of the offer is expected to begin on November 12, 2024 and is expected to end on December 10, 2024.
With the public share buyback offer resolved today, Westwing Group SE makes use of the authorization granted by the Annual General Meeting of the Westing Group SE on June 19, 2024, under which up to 10% of the company's share capital may be bought back by the end of June 18, 2029 (including). The shares bought back may be used for all of the purposes permitted under the authorization granted by the Annual General Meeting of June 19, 2024.
Westwing Group SE currently holds 885,795 treasury shares. This corresponds to approx. 4.24% of the company's share capital.
More details on the public share buyback offer are included in the offer document, which will be published on the website of Westwing Group SE (https://www.westwing.com) under the heading “Investor Relations – Share – Share Buy-back 2024” with the start of the offer period and, thereafter, in the German Federal Gazette (Bundesanzeiger) (www.bundesanzeiger.de). The offer document for U.S. shareholders will be made available separately on the website of Westwing Group SE (https://www.westwing.com) under the heading “Investor Relations – Share – Share Buy-back 2024” prior to the start of the offer period.
Disclaimer
Certain statements in this communication may constitute forward-looking statements. These statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties. You should not rely on these forward-looking statements as predictions of future events and we undertake no obligation to update or revise these statements. Our actual results may differ materially and adversely from any forward-looking statements discussed in these statements due to a number of factors. These include, without limitation, risks from macroeconomic developments, external fraud, inefficient processes at fulfilment centres, inaccurate personnel and capacity forecasts for fulfilment centres, hazardous materials/production conditions with regard to private labels, insufficient innovation capabilities, inadequate data security, insufficient market knowledge, strike risks and changes in competition levels.
Contact
Teresa Fischer Perez-Lozao
Investor Relations
E-Mail: ir@westwing.de
End of Inside Information
08-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: | English |
Company: | Westwing Group SE |
Moosacher Straße 88 | |
80809 Munich | |
Germany | |
Fax: | +49 (89) 550 544 445 |
E-mail: | ir@westwing.de |
Internet: | www.westwing.com |
ISIN: | DE000A2N4H07 |
WKN: | A2N4H0 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2025429 |
End of Announcement | EQS News Service |
2025429 08-Nov-2024 CET/CEST