Berlin, November 1, 2022 – As announced in an ad hoc release dated October 28, 2022, the Management Board of Francotyp-Postalia Holding AG (ISIN DE000FPH9000) ("Company") has resolved, with the consent of the Supervisory Board, to launch a share buyback program in the amount of up to EUR 2.0 million (excluding incidental acquisition costs) ("Share Buyback Program 2022").
The Executive Board is making use of the authorization granted by the Annual General Meeting on November 10, 2020. In the period from November 2, 2022 to November 1, 2023, treasury shares of up to 3.4% of the Company's capital stock are to be repurchased exclusively via the stock exchange. This corresponds to up to 557,680 shares. The allocated largest possible total purchase price for the acquisition of the Company's shares (excluding transaction costs) is EUR 2.0 million.
In accordance with the authorization granted by the Annual General Meeting on November 10, 2020, the purchase price per share (excluding transaction costs) may not be more than 10% higher or lower than the price of a share determined by the opening auction in Xetra trading on the trading day.
The treasury shares of the Company acquired in this way may be used for all purposes permitted under the provisions of stock corporation law and under the aforementioned authorization.
The Company will carry out the purchase based on the requirements of Article 5 of Regulation (EU) No. 596/2014 and the provisions of Delegated Regulation (EU) 2016/1052 and on the basis of the authorization.
The shares of the Company shall be acquired in accordance with the trading conditions of Art. 3 of Delegated Regulation (EU) 2016/1052. In particular, in accordance with Art. 3 (3) of Delegated Regulation (EU) 2016/1052, no more than 25% of the average daily share turnover on the trading venue on which the purchase is made may be acquired per trading day. The average daily share turnover is calculated on the basis of the average daily trading volume during the 20 trading days prior to the respective purchase date. The credit institution commissioned to carry out the share buyback on behalf and for the account of the Company has been contractually obligated accordingly. It will make its decisions on the timing of the acquisition of treasury shares independently of and without influence by the Company in accordance with Art. 4 (2b) of Delegated Regulation (EU) 2016/1052. The company will not influence the decisions of the credit institution in this respect.
To the extent legally permissible, the 2022 share buyback program may be suspended, interrupted and, if necessary, resumed or finally terminated by the Company at any time.
Information on the transactions related to the share buyback program 2022 shall be disclosed in a manner that complies with the requirements of Art. 2 par. 3 sentence 1 in conjunction with par. (2) of Delegated Regulation (EU) 2016/1052 no later than the end of the seventh trading day after the day of execution of such transactions.
In addition, in accordance with Art. 2 (3) sentence 2 of Delegated Regulation (EU) 2016/1052, the company will publish the transactions disclosed on its website at www.fp-francotyp.com in the "Investor Relations" section and ensure that the information remains publicly accessible for at least five years from the date of appropriate disclosure.
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