INDUS Holding AG announces a public share buyback offer

The company INDUS Holding AG, based in Bergisch Gladbach, announced on February 21, 2024 the launch of a public share buyback offer addressed to its shareholders. The management board, with the approval of the supervisory board, proposes to repurchase up to 1,100,000 no par value bearer shares (ISIN DE0006200108) at a price of 23.00 EUR per share. The offer thus represents a total volume of up to 25,300,000 EUR. The offer will be open from February 22, 2024 to March 1, 2024.

This initiative is part of the authorization granted by the company's general meeting of shareholders on August 13, 2020, allowing a share buyback of up to 10% of the capital. Until now, this authorization had not been exercised, and the company did not hold any treasury shares. In the event of complete realization of this offer, INDUS would hold approximately 4.09% of its capital in the form of treasury shares. The repurchased shares can be used for all authorized purposes. The details of the offer are available in the official document published on the company's website and in the Bundesanzeiger.