GEA Group Aktiengesellschaft, DE0006602006

GEA Group Aktiengesellschaft / DE0006602006

07.11.2024 - 10:23:20

EQS-CMS: GEA Group Aktiengesellschaft: Disclosure pursuant to Art. 5 para. 1 lit. a) of Regulation (EU) No. 596/2014 and Art. 2 para. 1 sentence 2 of Commission Delegated Regulation (EU) 2016/1052

EQS Post-admission Duties announcement: GEA Group Aktiengesellschaft / Extension of the period of the share buyback program
GEA Group Aktiengesellschaft: Disclosure pursuant to Art. 5 para. 1 lit. a) of Regulation (EU) No. 596/2014 and Art. 2 para. 1 sentence 2 of Commission Delegated Regulation (EU) 2016/1052

07.11.2024 / 10:23 CET/CEST
Dissemination of a Post-admission Duties announcement transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Düsseldorf, 6 November 2024 Disclosure pursuant to Art. 5 para. 1 lit. a) of Regulation (EU) No. 596/2014 and Art. 2 para. 1 sentence 2 of Commission Delegated Regulation (EU) 2016/1052 Extension of the period of the share buyback program The Executive Board of GEA Group Aktiengesellschaft in Düsseldorf ("GEA") resolved on 7 November 2023 to acquire own GEA shares (ISIN DE0006602006) ("GEA Shares") for a total purchase price of up to EUR 400 million (not including ancillary acquisition costs) via the stock exchange. The Executive Board is thus availing itself of the authorisation to buy back shares granted by the Annual General Meeting on 27 April 2023. The repurchased shares are to be cancelled without a corresponding reduction of the Company's share capital. The second tranche with a purchase price (not including ancillary acquisition costs) of up to EUR 250 million, but in any event not more than 12,000,000 GEA-Shares, which was announced by notification dated 8 May 2024 (published on 13 May 2024), previously envisaged the acquisition of GEA Shares in the period from 3 June 2024 until presumably end of February 2025. The Executive Board of GEA resolved on 6 November 2024 to extend the second tranche. GEA now intends to acquire GEA Shares as part of the second tranche until presumably 8 April 2025. The remaining parameters of the share buyback program to be announced in accordance with Article 2 para. 1 sentence 1 of Commission Delegated Regulation (EU) 2016/1052 remain unchanged. GEA will continue to provide regular information regarding the progress of the share buyback program at www.gea.com and keep that information available to the public for at least a 5-year period from the date of public disclosure.

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