EQS Post-admission Duties announcement: Nagarro SE
/ Share Buyback
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:
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. |
Language: | English |
Company: | Nagarro SE |
Baierbrunner Straße 15 | |
81379 München | |
Germany | |
Internet: | www.nagarro.com |
End of News | EQS News Service |
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1677593 11.07.2023 CET/CEST