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GFT Technologies SE resolves on public share buy-back programme

GFT Technologies SE resolves on public share buy-back programme

27 March 2025, 06:08 PM CET

Ad-hoc announcement pursuant to Art. 17 MAR

The Administrative Board of GFT Technologies SE (SDAX, ISIN: DE0005800601) today has resolved to purchase treasury shares worth up to EUR 15 million (excluding transaction costs) via the stock exchange. Based on the Xetra closing price on 26 March 2025 (EUR 22.95), this corresponds to up to 653,594 shares, or up to 2.48 percent of the share capital.

Ad hoc announcement pursuant to Article 17 MAR

27 March 2025, 06:08 PM CET

GFT Technologies SE resolves on public share buy-back programme

Stuttgart, 27 March 2025: The Administrative Board of GFT Technologies SE (SDAX, ISIN: DE0005800601) today has resolved to purchase treasury shares worth up to EUR 15 million (excluding transaction costs) via the stock exchange. Based on the Xetra closing price on 26 March 2025 (EUR 22.95), this corresponds to up to 653,594 shares, or up to 2.48 percent of the share capital.

The share buy-back is to be carried out in accordance with the safe harbour regulations of Article 5 of the EU Market Abuse Regulation (Regulation (EU) No. 596/2014). It is based on the authorisation granted by the Annual General Meeting on 24 June 2020 to acquire up to 10 percent of the company's own shares. The invitation to the Annual General Meeting on 5 June 2025 will include a proposal for renewal of the authorisation.

The share buy-back programme is to begin in April 2025 and, subject to the renewal resolution by the Annual General Meeting on 5 June 2025, shall end no later than 14 October 2025.