sur Fraport AG Frankfurt Airport Services Worldwide (ETR:DE000577)
Fraport AG Initiates Share Buyback for Employee Program
Fraport AG Frankfurt Airport Services Worldwide has announced a share buyback plan aimed at supporting its employee participation program. The Executive Board has approved the repurchase of up to 75,000 shares, which represents about 0.081 percent of the company's capital stock. The total expenditure for this purchase is set at a maximum of EUR 5.2 million, excluding incidental costs.
The buyback will start on June 1, 2026, and is expected to conclude by June 30, 2026. It will be conducted through the stock exchange, following regulatory requirements. An independent financial services provider will manage the repurchase, ensuring adherence to market price conditions and volume limits.
The initiative complies with Sec. 71 (1) No. 2 AktG and aligns with the safe harbour provisions of Regulation (EU) No. 596/2014. This strategic move underscores Fraport AG's commitment to fulfilling its employee share capital obligations.
R. E.
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