Bilfinger SE Launches €50 Million Share Buyback Program

Bilfinger SE has announced the initiation of a share buyback program worth up to €50 million. This decision, approved by both the Executive and Supervisory Boards, aims to repurchase approximately 2.93% of the company's share capital based on the current share price. The buyback will commence no later than January 31, 2025, and conclude by December 31, 2025. A maximum of 1,100,110 treasury shares may be acquired through the stock exchange.

The initiative is an exercise of the authorisation from the Annual General Meeting on April 20, 2023, which permits the repurchase of shares up to 10% of Bilfinger's share capital until April 19, 2028. Currently, Bilfinger holds 86,849 treasury shares from prior buybacks, representing about 0.23% of its capital stock. The repurchased shares may serve various purposes, including possible cancellation.

The program will adhere to the safe harbour provisions of the Market Abuse Regulation. Bilfinger SE retains the option to cease the buyback at any time and will update stakeholders regularly through its website.