FRA Fraport AG

EQS-News: Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program

EQS-News: Fraport AG Frankfurt Airport Services Worldwide / Key word(s): Share Buyback
Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program

22.05.2023 / 16:13 CET/CEST
The issuer is solely responsible for the content of this announcement.


Frankfurt, 22 May 2023 – For the implementation of this year’s employee participation program the Executive Board of Fraport AG Frankfurt Airport Services Worldwide (ISIN DE0005773303) decided to buy back own shares through the stock exchange. To fulfill all claims up to 75,000 of its own shares (this corresponds to approximately 0.081 percent of the capital stock) will be bought back.

The share buyback complies with rules and regulations set forth in Sec. 71 (1) No. 2 AktG (Aktiengesetz − German Stock Corporation Act). It serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide. The total purchase price (excluding incidental costs) is up to EUR 4,000,000.

The share buyback will begin on 05 June 2023 and will be completed by 30 June 2023. It will be carried out by an independent financial service provider in accordance with the safe harbour rules defined under Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council dated 16 April 2014, in conjunction with the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. In particular, the financial services provider is required to execute the repurchase of shares as follows:

  1. The shares are purchased at market prices in accordance with the aforementioned regulations. The shares are not purchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out.
  2. On any trading day, no more than 25 percent of the average daily volume of the shares on the trading venue on which the purchase is carried out is purchased. The average daily volume is based on the average daily volume traded during the month preceding the month, in which the publication of the share buyback program took place, that means, on the average daily trading volume in April 2023.

 

Contact:

Fraport AG Frankfurt Airport Services Worldwide
Christoph Nanke
Head of Finance and Investor Relations
Airportring
60547 Frankfurt am Main

Tel. 2
Fax 3
E-Mail:

 



22.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at -news.com


Language: English
Company: Fraport AG Frankfurt Airport Services Worldwide
-
60547 Frankfurt am Main
Germany
Phone: +49 (0)69 6 90-7 48 42
Fax: +49 (0)69 6 90-7 48 43
E-mail:
Internet:
ISIN: DE0005773303
WKN: 577330
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1638707

 
End of News EQS News Service

1638707  22.05.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1638707&application_name=news&site_id=research_pool
EN
22/05/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Fraport AG

 PRESS RELEASE

EQS-News: Fraport AG Frankfurt Airport Services Worldwide: Share Buyba...

EQS-News: Fraport AG Frankfurt Airport Services Worldwide / Key word(s): Share Buyback Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program 24.05.2024 / 14:25 CET/CEST The issuer is solely responsible for the content of this announcement. Frankfurt, 24 May 2024 – For the implementation of this year’s employee participation program the Executive Board of Fraport AG Frankfurt Airport Services Worldwide (ISIN DE0005773303) decided to buy back own shares through the stock exchange. To fulfill all claims up to 75,000 of its own...

 PRESS RELEASE

EQS-News: Fraport AG Frankfurt Airport Services Worldwide: Aktienrückk...

EQS-News: Fraport AG Frankfurt Airport Services Worldwide / Schlagwort(e): Aktienrückkauf Fraport AG Frankfurt Airport Services Worldwide: Aktienrückkauf für Mitarbeiter-Beteiligungsprogramm 24.05.2024 / 14:25 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Frankfurt, 24. Mai 2024 - Für die Durchführung des diesjährigen Mitarbeiterbeteiligungsprogramms hat der Vorstand der Fraport AG Frankfurt Airport Services Worldwide (ISIN DE0005773303) beschlossen, eigene Aktien über die Börse zurückzukaufen. Zur Erfüllung sämtlicher Ansprüche we...

Fraport AG: 1 director

A director at Fraport AG bought 1,958 shares at 51.085EUR and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sho...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch