Westwing Group AG resolves on buyback program for own shares of up to 4 million Euro
Westwing Group AG / Key word(s): Share Buyback
Munich, Germany, August 12, 2019 - The Management Board of Westwing Group AG (ISIN DE000A2N4H07, "Westwing") has decided today, with the approval of the Supervisory Board, utilizing the authorization of the General Meeting of September 21, 2018, to buy-back up to a maximum of 800,000 shares of the Company (this equals up to approximately 3.9% of the share capital of the Company) at a total maximum aggregate purchase price without ancillary costs of up to 4 million Euro. Westwing intends to use the shares bought back to settle stock options for the acquisition of shares in Westwing that were granted to current or former employees or to board members of Westwing or its affiliates in case such stock options are exercised. The buyback program will start on August 14, 2019 and terminate at the end of December 31, 2020 at the latest.
This release contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of Westwing. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements, and neither Westwing nor any other person accepts any responsibility for the accuracy of the opinions expressed in this release or the underlying assumptions. Westwing does not assume any obligations to update any forward-looking statements.
Lorenz Erik Wittjen
General Counsel of Westwing Group AG
Westwing Group AG
Moosacher Straße 88
80809 München, Germany
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|Company:||Westwing Group AG|
|Moosacher Straße 88|
|Phone:||+49 89 550 544 377|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||856125|
|End of Announcement||DGAP News Service|