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Multitude SE: Board Approves Share Buyback Programme
On 3 July 2024, the Board of Directors of Multitude SE, a European FinTech company specializing in digital lending and online banking, announced the initiation of a share buyback programme. The programme aims to repurchase up to 80,000 shares, roughly 0.4% of the company’s total shares, with a budget of EUR 560,000.
The repurchased shares will be used to meet obligations under the company’s employee incentive schemes and must be acquired and distributed within one year. The buyback will occur through public trading on the Prime Standard of the Frankfurt Stock Exchange at market prices.
The programme will be implemented in compliance with Maltese Companies Act and EU regulations, and will end at the latest by 31 December 2024 or upon the company's re-domiciliation to Switzerland.
As of 2 July 2024, Multitude SE holds 74,993 treasury shares out of a total of 21,723,960 issued shares.
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