Bilfinger SE Initiates €50 Million Share Buyback Programme

Bilfinger SE has announced a share buyback programme with a volume of up to €50 million. Approved by the Executive and Supervisory Boards, this initiative is set to commence by January 31, 2025, aiming for completion by December 31, 2025.

The programme permits the procurement of a maximum of 1,100,110 treasury shares from the stock exchange, representing about 2.93% of the company's share capital based on the current share price. This follows the authorization from the Annual General Meeting on May 11, 2022, allowing up to 10% of share capital repurchase until May 10, 2027.

The shares acquired may be used for purposes outlined in the AGM's authorization or potentially be cancelled. Bilfinger may halt the buyback at its discretion and plans to provide frequent updates on the programme's progress.