Multitude SE: The Board of Directors of Multitude SE resolves a share
buyback programme
EQS-News: Multitude SE / Key word(s): Share Buyback
Multitude SE: The Board of Directors of Multitude SE resolves a share
buyback programme
03.07.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Multitude SE: The Board of Directors of Multitude SE resolves a share
buyback programme
Gzira, 3 July 2024 - The Board of Directors of Multitude SE, a listed
European FinTech company, offering digital lending and online banking
services to consumers, small and medium-sized businesses, and other FinTechs
(ISIN: MT0002810100, WKN: A40G1Q) ("Multitude", "Company" or "Group"), has,
pursuant to Article 106(4) of the Companies Act (Chapter 386 of the Laws of
Malta) (the "Maltese Companies Act"), resolved to implement a share buyback
programme to repurchase up to 80,000 of the Company's own shares (the
"Programme")
and to proceed to undertake one or more share buybacks subject to the
satisfaction of a number of conditions, including:
i. that the shares acquired pursuant to the Programme be utilised solely
for the purpose of meeting the Company's obligations arising from its
employee incentive schemes;
ii. that the shares acquired pursuant to the Programme be distributed
within one year of their acquisition;
iii. that the acquisition of shares pursuant to the Programme shall be
made in full compliance with the provisions of the Maltese Companies
Act, including that the acquisition of shares pursuant to this
authorisation shall be financed out of profits available for
distribution;
iv. that any shares acquired pursuant to the Programme be repurchased
through public trading on the Prime Standard of the Frankfurt Stock
Exchange at the prevailing market price on the date of the relevant
repurchase;
v. that the Programme may be implemented on one or several occasions until
the earliest of: (i) the completion of the Company's re-domiciliation to
Switzerland and (ii) 31 December 2024; and
vi. that the acquisition of shares pursuant to the Programme be carried
out in full compliance with the safe harbour provisions set out in
article 5 of Regulation (EU) 596/2014 ("MAR") and the provisions of
Delegated Regulation (EU) 2016/1052.
The repurchase of shares will start at the earliest on 3.7.2024 and end at
the latest on 31.12.2024. As mentioned above, the maximum number of shares
to be acquired under the Programme is 80,000, corresponding to approximately
0.4% of all shares in the Company. However, the maximum amount to be used
for the acquisition of shares is EUR 560,000.
Currently, the total number of issued shares in the Company is 21,723,960.
At 2.7.2024, the number of treasury shares held by the Company was 74,993.
Contact:
Lasse Mäkelä
Chief Strategy and IR Officer
Phone: +41 79 371 34 17
E-Mail: Lasse.makela@multitude.com
About Multitude SE :
Multitude is a listed European FinTech company, offering digital lending and
online banking services to consumers, small and medium-sized businesses, and
other FinTechs overlooked by traditional banks. The services are provided
through three independent business units, which are served by our internal
Banking-as-a-Service Growth Platform. Multitude's business units are
consumer banking (Ferratum), SME banking (CapitalBox) and wholesale banking
(Multitude Bank). Multitude Group employs over 700 people in 25 countries
and offers services in 16 countries, achieving a combined turnover of EUR
230 million euros in 2023. Multitude was founded in Finland in 2005 and is
listed on the Prime Standard segment of the Frankfurt Stock Exchange under
the symbol 'E4I'. www.multitude.com
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03.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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Language: English
Company: Multitude SE
Ratamestarinkatu 11 A
00520 Helsinki
Finland
E-mail: ir@multitude.com
Internet: https://www.multitude.com/
ISIN: FI4000106299
WKN: A1W9NS
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate
Exchange; Stockholm
EQS News ID: 1938277
End of News EQS News Service
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1938277 03.07.2024 CET/CEST