Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the
Employee Participation Program
EQS-News: Fraport AG Frankfurt Airport Services Worldwide / Key word(s):
Share Buyback
Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the
Employee Participation Program
24.05.2024 / 14:25 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Frankfurt, 24 May 2024 - For the implementation of this year's employee
participation program the Executive Board of Fraport AG Frankfurt Airport
Services Worldwide (ISIN DE0005773303) decided to buy back own shares
through the stock exchange. To fulfill all claims up to 75,000 of its own
shares (this corresponds to approximately 0.081 percent of the capital
stock) will be bought back.
The share buyback complies with rules and regulations set forth in Sec. 71
(1) No. 2 AktG (Aktiengesetz - German Stock Corporation Act). It serves
solely to fulfil the obligations arising from the employee share capital
program of Fraport AG Frankfurt Airport Services Worldwide. The total
purchase price (excluding incidental costs) is up to EUR 4,000,000.
The share buyback will begin on 04 June 2024 and will be completed by 30
June 2024. It will be carried out by an independent financial service
provider in accordance with the safe harbour rules defined under Article 5
of Regulation (EU) No. 596/2014 of the European Parliament and of the
Council dated 16 April 2014, in conjunction with the provisions of the
Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. In
particular, the financial services provider is required to execute the
repurchase of shares as follows:
1. The shares are purchased at market prices in accordance with the
aforementioned regulations. The shares are not purchased at a price higher
than the higher of the price of the last independent trade and the highest
current independent purchase bid on the trading venue where the purchase is
carried out.
2. On any trading day, no more than 25 percent of the average daily volume
of the shares on the trading venue on which the purchase is carried out is
purchased. The average daily volume is based on the average daily volume
traded during the month preceding the month, in which the publication of the
share buyback program took place, that means, on the average daily trading
volume in April 2024.
Contact:
Fraport AG Frankfurt Airport Services Worldwide
Christoph Nanke
Head of Finance and Investor Relations
Airportring
60547 Frankfurt am Main
Tel. +49 69 690-74842
Fax +49 69 690-74843
E-Mail: investor.relations@fraport.de
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24.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Fraport AG Frankfurt Airport Services Worldwide
-
60547 Frankfurt am Main
Germany
Phone: +49 (0)69 6 90-7 48 42
Fax: +49 (0)69 6 90-7 48 43
E-mail: investor.relations@fraport.de
Internet: www.fraport.com
ISIN: DE0005773303
WKN: 577330
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate
Exchange; Luxembourg Stock Exchange
EQS News ID: 1910917
End of News EQS News Service
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1910917 24.05.2024 CET/CEST