HelloFresh SE / DE000A161408
23.12.2024 - 20:45:13HelloFresh SE announces further up to EUR 75 million share buy-back
HelloFresh SE / Key word(s): Share Buyback 23.12.2024 / 20:45 CET/CEST The issuer is solely responsible for the content of this announcement. Disclosure Pursuant to Article 2(1) of Commission Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 (Market Abuse Regulation) HelloFresh SE announces further up to EUR 75 million share buy-back Berlin, 23 December 2024. HelloFresh SE (the “Company”) successfully concluded its 2023/2024 EUR 150 million buy-back program on 17 December 2024, split into EUR 113.25 million buy-back of Company shares and EUR 36.75 million buy-back of the Company’s extant convertible bond. Today, the Company’s management board, with the consent of the Company’s supervisory board, resolved to launch an additional buy-back of Company shares with an aggregate volume of up to EUR 75 million (excluding costs incidental to the share repurchases). The share repurchases are based on the authorization granted by the Company’s annual general shareholders’ meeting of 2 May 2024. Any share repurchases will be made through a bank on the Frankfurt Stock Exchange up to a contractually agreed maximum price and aggregate maximum volume per trading day. The pricing scheme and daily buy-back volume may, however, be amended from time to time. In no case will more than 10 million shares be bought back. The purpose of the share buy-back is to cancel the repurchased shares and thereby reduce the Company’s share capital primarily to offset any dilution from regular grants in 2025 under the Company’s employee equity incentive programs and/or to use the repurchased shares to meet obligations arising from the Company’s employee equity incentive programs. The share buy-back program will start at the earliest on 2 January 2025 and will terminate at the latest on 31 December 2025. The Company reserves the right to amend or terminate the share buy-back at any time and may not deploy the full EUR 75 million. About HelloFresh The HelloFresh Group is a global food solutions group and the world's leading meal kit provider. The HelloFresh Group consists of eight brands that provide customers with high quality food and recipes for different meal occasions. The Company was founded in Berlin in November 2011 and operates in the USA, the UK, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland, Canada, New Zealand, Sweden, France, Denmark, Norway, Italy, Ireland and Spain. In Q3 2024 the HelloFresh Group delivered over 231 million meals globally. HelloFresh SE went public on the Frankfurt Stock Exchange in November 2017 and is currently traded on the MDAX (Mid-Cap German Stock Market Index). The HelloFresh Group has offices in Berlin, Saarbrücken, New York, Chicago, Boulder, London, Amsterdam, Sydney, Toronto, Auckland, Paris, Copenhagen, Milan, Dublin and Barcelona.
23.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
Language: | English |
Company: | HelloFresh SE |
Prinzenstraße 89 | |
10969 Berlin | |
Germany | |
E-mail: | ir@hellofresh.com |
Internet: | www.hellofreshgroup.com |
ISIN: | DE000A161408 |
WKN: | A16140 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2057119 |
End of News | EQS News Service |
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