MBB SE announces buyback of 393,522 shares or 6.9% of the share capital
March 07, 2024 at 09:33 pm IST
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EQS-News: MBB SE
/ Key word(s): Share Buyback
MBB SE announces buyback of 393,522 shares or 6.9% of the share capital
07.03.2024 / 17:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
MBB SE announces buyback of 393,522 shares or 6.9% of the share capital
Berlin, 07 March 2024 - MBB SE (ISIN DE000A0ETBQ4) received tenders for 393,522 shares as part of its voluntary public share buyback offer by the end of the acceptance period. The shares will be repurchased in full at a price of €96.00 per share. This corresponds to around 6.9% of the share capital and a total purchase price excluding acquisition costs of €37.8 million. The settlement and thus the purchase price payment to the custodian banks is expected to take place on 13 March 2024.
The offer comprised the repurchase of up to 571,639 treasury shares or 10% of the share capital, with the offer period ending on 4 March 2024. Next to free float shareholders, one of MBB's two major shareholders, Gert-Maria Freimuth, also tendered a significant number of shares. Major shareholder and Executive Chairman of MBB, Dr. Christof Nesemeier did not participate in the buyback.
Against the background of the extraordinary substance and the high cash flow in the Group, MBB is aiming to increase the value per share with the buyback and still has sufficient financial resources for organic growth and growth through acquisitions.
MBB SE
Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
office@mbb.com
www.mbb.com
Executive Management
Dr. Constantin Mang (CEO)
Dr. Jakob Ammer
Torben Teichler
Chairman of the Board and Executive Director
Dr. Christof Nesemeier
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458
07.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
MBB SE
Joachimsthaler Strasse 34
10719 Berlin
Germany
Phone:
+49 (0) 30 844 15 330
Fax:
+49 (0) 30 844 15 333
E-mail:
anfrage@mbb.com
Internet:
www.mbb.com
ISIN:
DE000A0ETBQ4
WKN:
A0ETBQ
Indices:
PXAP
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
MBB SE, formerly MBB Industries AG, is a German-based private equity firm specializing in acquisitions of established medium-sized industrial companies. The Company makes investments in entities seeking to sell off a part of their business or the entire operation, perhaps as part of a succession process; selling a subdivision or an affiliated entity that no longer forms part of the organization's core business, and seeking for a management buyout or buy-in. It targets investments in firms with turnovers of 10 million euros and above. Its portfolio consists of Aumann AG, specializing in e-mobility, coil winding and automation, CT Formpolster GmbH, a producer of flexible polyurethane foams, Delignit AG, a supplier of ecological hardwood-based materials, DTS IT AG, a cloud computing and cyber security provider, Hanke Tissue Spolka Z O.O., a producer of tissue paper, and OBO-Werke GmbH, a supplier of products for model construction, toolmaking and mould production, among others.