Deutsche Rohstoff AG Finalizes 2024 Share Buyback Program

Deutsche Rohstoff AG has successfully completed its 2024 share buyback program earlier than planned. Initially scheduled to run until May 2025, the program was finalized after repurchasing shares worth EUR 4.0 million. This accounted for a total of 109,700 shares, with an average purchase price of EUR 36.53 per share.

As a result, the number of dividend-bearing shares in the company will decrease by approximately 2.2%, bringing the total down to 4,895,738. There are plans to cancel the repurchased shares, aligning with the shareholder authorization from the Annual General Meeting 2022, which allows the company to buy back up to 10% of its shares.

CEO Jan-Philipp Weitz highlighted the buyback program, along with dividends and stock options, as key components of their shareholder return strategy. He also mentioned potential future buyback programs, signaling continued focus on shareholder value.