HomeToGo SE commences an Equity Buyback Plan for 20% of its issued share capital, under the authorization approved on May 24,2022.
September 27, 2023
Share
HomeToGo SE (XTRA:HTG) commences share repurchases on September 18, 2023, under the program mandated by shareholders in the Annual General Meeting held on May 24, 2022. As per the mandate, the company is authorized to repurchase up to 20% of its Class A shares. The price to be paid for repurchase should not be more than 20% of the fair market value of such Class A Shares consisting of the official closing price of the Class A Shares as reported on XETRA on the day preceding the day of the decision of the Management Board of the Company (or any of its delegates) to repurchase such Class A Shares. The authorization will be valid for 5 years.
On September 13, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 5,700,000 shares for ?10 million. The initial price limit to repurchase the shares is ?3.16 per share. The company intends to use the repurchased shares to meet obligations arising from its equity incentive programs, or other allocations of shares, to employees or to members of the management bodies of HomeToGo SE or of affiliated companies. The program will commence from September 18, 2023, and will be valid till December 31, 2024.
On March 27, 2024, the company initiated a Dutch-Auction Tender Offer. Under the offer, the company will repurchase up to 1,250,000 shares, representing 1% of the share capital for ?2.5 million. The shares will be repurchased at a price range between ?2.00 to ?2.40 per share. The offer will commence today and will end on April 12, 2024.
On April 12, 2024, the company concluded the Dutch-Auction Tender Offer. Under the offer, the company repurchased 1,249,991 shares for ?2.5 million at a price of ?2.00 per share.
HomeToGo SE is a Luxembourg-based company. The Company operates through the business segment: travel and short-term rental industry. It offers accommodations ranging from vacation homes, cabins, beach houses, apartments, condos, house boats, castles, farm stays and everything in between. It is a marketplace that provides a substantial selection of vacation rentals, listing many offers from its partners, including Airbnb, Booking.com, Vrbo and TripAdvisor. Its software application combines price, destination, dates and amenities to find a suitable accommodation for any trip worldwide which helps its customers find their ideal vacation rentals. The Company operates across Europe, North America, South America, Australia and Asia-Pacific.
HOMETOGO SE 
