Multitude SE Announces Share Buyback Program

On May 16, 2024, Multitude SE, a European FinTech company listed under ISIN: FI4000106299, announced that its Board of Directors has approved the initiation of a share buyback program. Based on the authorization from the Annual General Meeting on April 25, 2024, the company plans to repurchase up to 2,172,396 shares using its unrestricted equity. The program, aimed at acquiring a maximum of 100,000 shares or about 0.5% of its total shares, will utilize up to EUR 700,000.

This share buyback effort is set to commence no earlier than May 17, 2024, and will conclude by June 30, 2024. The transactions will occur on the Prime Standard of the Frankfurt Stock Exchange, with the purchase price linked directly to the current market prices at the time of acquisition. The purpose of this strategic move includes fulfilling obligations of company incentive schemes and supporting financial strategies related to acquisitions.