DGAP-Adhoc: HOCHTIEF Aktiengesellschaft: HOCHTIEF decides to conduct a share buy-back program


Im Artikel erwähnte Wertpapiere: Hochtief I

DGAP-Ad-hoc: HOCHTIEF Aktiengesellschaft / Key word(s): Share Buyback
HOCHTIEF Aktiengesellschaft: HOCHTIEF decides to conduct a share buy-back program

08-Nov-2021 / 12:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The Executive Board of HOCHTIEF Aktiengesellschaft has decided to conduct a share buy-back program.
HOCHTIEF will buy back up to 4,610,379 no-par value shares in HOCHTIEF, approx. 6.5% of the Company's share capital of currently EUR 180,855,569.92. This corresponds to a total investment of up to EUR 318 million (not including incidental acquisition costs), based on Xetra closing price on Friday, 5th of November 2021 of EUR 69.08.
The buy-back will be carried out in the period between November 8, 2021 and November 7, 2022.
The purchase price per share (not including incidental acquisition costs) may not be more than 10% above or 20% below the arithmetic mean of the prices of no-par value shares of HOCHTIEF in the closing auction in Xetra trading (or an equivalent successor system) on the Frankfurt Stock Exchange during the last three stock market trading days preceding the conclusion of the obligating transaction. The purchase of the shares shall be conducted via the Frankfurt stock exchange (Xetra).
The share buy-back program is based on the authorization of the Annual General Meeting of April 28, 2020, to launch a share buy-back for shares in the amount of up to 10% of the company's share capital at the time of the Annual General Meeting resolution. The buy-back shall be conducted by a bank to be commissioned by the Company and in accordance with Art. 2 to 4 of the Delegated Directive (EU) 2016/1052 of the Commission of 8 March 2016.

08-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: HOCHTIEF Aktiengesellschaft
Alfredstraße 236
45133 Essen
Phone: +49 (0)201 824-1833
Fax: +49 (0)201 824-2750
E-mail: investor-relations@hochtief.de
Internet: www.hochtief.de
ISIN: DE0006070006
WKN: 607000
Indices: SDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1246982

End of Announcement DGAP News Service

1246982  08-Nov-2021 CET/CEST

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Hochtief I 54,58 -0,11%

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