Multitude SE: The Board of Directors of Multitude SE has
decided to start a share buyback programme
Helsinki, 16 May 2024 – The Board of Directors of Multitude SE,
a listed European FinTech company, offering digital lending and
online banking services to consumers, small and medium-sized
businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS)
(“Multitude”, “Company” or “Group”) ”), has, based on the
authorization granted by the Annual General Meeting held on 25
April 2024, resolved to implement a share buyback programme for a
total of maximum 2,172,396 shares in the company, in one or several
tranches, by using the company’s unrestricted equity. The
authorisation entitles the Board of Directors to decide to
repurchase shares or accept shares as pledge also otherwise than in
proportion to the shareholders’ holding in the company by way of
directed repurchase.
The purpose of the repurchase of shares is, and the shares to be
repurchased may be used, to meet obligations arising from the
company's incentive schemes or as a means of payment in
acquisitions and other similar arrangements relating to the
company’s business. There is therefore a weighty economic reason
for the directed repurchase of shares.
The repurchase of shares will start at the earliest on 17.5.2024
and will end at the latest on 30.6.2024. The maximum number of
shares to be acquired is 100,000, which corresponds to
approximately 0.5% of all shares in the company. However, the
maximum amount to be used for the acquisition of shares is EUR
700,000. The shares will be repurchased through public trading on
the Prime Standard of the Frankfurt Stock Exchange. The price to be
paid for the shares will be determined on the basis of the share
price prevailing on the Prime Standard of the Frankfurt Stock
Exchange at the time of repurchase.
At the moment, the total number of shares in the Company is
21,723,960. The number of the treasury shares held by the company
is 60,036 at 16.5.2024.
Contact:
Lasse Mäkelä
Chief Strategy and IR Officer
Phone: +41 79 371 34 17
E-Mail: Lasse.makela@multitude.com
About Multitude SE :
Multitude is a listed European FinTech company, offering
digital lending and online banking services to consumers, small and
medium-sized businesses, and other FinTechs overlooked by
traditional banks. The services are provided through three
independent business units, which are served by our internal
Banking-as-a-Service Growth Platform. Multitude’s business units
are consumer banking (Ferratum), SME banking (CapitalBox) and
wholesale banking (Multitude Bank). Multitude Group employs over
700 people in 25 countries and offers services in 16 countries,
achieving a combined turnover of 230 million euros in 2023.
Multitude was founded in Finland in 2005 and is listed on the Prime
Standard segment of the Frankfurt Stock Exchange under the symbol
'FRU'. www.multitude.com
16.05.2024 CET/CEST Veröffentlichung einer Corporate
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