On 19 July 2019, Scout24 AG announced a share buyback programme.
The first tranche in the amount of EUR 150 million started on 2 September 2019 and ended on 31 January 2020. During this programme, 2,793,873 shares were acquired on the market, which at the time of the buyback corresponds to 2.6% of the authorised capital. For further details, please see this publication in accordance to EU Regulation.
With publication of the financial results 2019, on 25 March 2020, Scout24 announced to continue to repurchase shares. In a second tranche, the company intends to repurchase shares in an amount of up to EUR 490 million. The tranche will start on 6 April 2020 and end no later than 31 December 2020. For further details, please see this publication in accordance to EU Regulation.
Below you will find further details on the two tranches and the related publications: