EQS-CMS: Nagarro SE: Disclosure pursuant to Art. 5 (1) lit. b) and (3) of the Regulation (EU) No 596/2014 in conjunction with Art. 2 (2) and (3) of the Commission Delegated Regulation (EU) No 2016/1052

EQS Post-admission Duties announcement: Nagarro SE / Share Buyback
Nagarro SE: Disclosure pursuant to Art. 5 (1) lit. b) and (3) of the Regulation (EU) No 596/2014 in conjunction with Art. 2 (2) and (3) of the Commission Delegated Regulation (EU) No 2016/1052

11.07.2023 / 13:26 CET/CEST
Dissemination of a Post-admission Duties announcement transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Munich, 11 July 2023 – In the period from 3 July 2023, up to and including 7 July 2023, Nagarro SE has bought back a total of 24.510 no-par value shares of Nagarro SE (ISIN: DE000A3H2200) within the framework of the share buyback program. In the announcements of 2 May 2023 and 13 June 2023, pursuant to Art. 5 para. 1 lit. a) of the Regulation (EU) No 596/2014 in conjunction with Art. 2 para. 1 of the Delegated Regulation (EU) 2016/1052, it was communicated that the repurchase of treasury shares (first tranche) would commence on 2 May 2023 (completed on 25 May 2023) and the second tranche on 14 June 2023.

The overall volume of the shares bought back daily in the period from 3 July 2023, up to and including 7 July 2023, and the daily volume-weighted average stock market prices of the shares are as follows:

Date Aggregated volume
(number of shares)
Volume-weighted
average stock market share price (EUR)
3 July 2023 5,544 82.1560
4 July 2023 6,154 82.7377
5 July 2023 4,405 80.7871
6 July 2023 5,335 80.5499
7 July 2023 3,072 80.8871
In total: 24,510  


The number of shares which have been bought back so far in the second tranche by Nagarro SE since 14 June 2023, up to and including 7 July 2023, within the framework of the share buyback program amounts to 105,382 no-par value shares and in total since the start of the share buyback on 2 May 2023 to 218,516 no-par value shares.

The total volume of the second tranche of the share buyback of up to EUR 10 million (excluding ancillary costs of purchase) is expected to be exhausted on 13 July 2023. The second tranche will then be completed. The Management Board of the Company has decided that after completion of the second tranche, the implementation of the third and final tranche of the share buyback program will commence on the trading day following immediately thereafter. The third and final tranche will be carried out in a volume of up to EUR 10 million (excluding ancillary costs of purchase), subject to the maximum total number of treasury shares to be purchased in the period up to and including 31 October 2023 at the latest.

Further information pursuant to Art. 5 para. 1 lit. b) and para. 3 of the Regulation (EU) No 596/2014 in conjunction with Art. 2 para. 2 and para. 3 of the Delegated Regulation (EU) No 2016/1052 is available online under https://www.nagarro.com/en/investor-relations/share-buyback-2023.

The purchase of the shares of Nagarro SE was carried out by a bank assigned by Nagarro SE and exclusively via the Frankfurt Stock Exchange (Xetra trading).



11.07.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Nagarro SE
Baierbrunner Straße 15
81379 München
Germany
Internet: www.nagarro.com

 
End of News EQS News Service

1677593  11.07.2023 CET/CEST

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