Nagarro SE / DE000A3H2200

Talks regarding a potential take-private ended Focus on maximising shareholder value by organic and inorganic growth Dividend policy to pay out 10-20% of EBIT every year Share buyback of up to €400 million over the next three years January 23, 2025 - In the ad hoc announcement on 16 October 2024, the Management Board of Nagarro SE confirmed that, in the context of Nagarro SE’s evaluation of strategic options, Nagarro SE was in talks with certain interested parties regarding a potential take-private of Nagarro SE including a public tender offer. Today, as the result of such evaluation of strategic options, the Management Board in alignment with the Supervisory Board of Nagarro SE decided to end these talks regarding a potential take-private to instead focus on maximizing shareholder value by the execution of an independent organic and inorganic growth strategy including efficiency enhancements, accompanied by the intention to buy back shares in the value of up to €400 million over the next three years, and the intention to pursue a sustainable dividend policy of distributing 10-20% of EBIT every year, subject to AGM approvals as required.
Contact: Nagarro SE
Investor Relations
Baierbrunner Str. 15
81379 Munich
Tel.: +49 (0)89/785000282
Tel.: +49 (0)89/231219151 (Investor Relations)
Fax: +49 (0)322/22132620
E-mail: ir@nagarro.com
Web: www.nagarro.com Nagarro SE (ISIN: DE000A3H2200 | WKN: A3H220 | FRA: NA9)