on Fraport AG Frankfurt Airport Services Worldwide (isin : DE0005773303)
Fraport AG Announces Share Buyback for Employee Program
Frankfurt Airport's operator, Fraport AG, announced a share buyback to support its employee participation program. The company plans to repurchase up to 75,000 shares, about 0.081% of its capital stock, with a budget of EUR 4.2 million, excluding incidental costs. This move complies with the AktG's Section 71 (1) and aims solely to meet employee share capital program obligations.
The buyback starts on June 2, 2025, ending by June 30, 2025. An independent financial service provider will execute the repurchase under EU's safe harbour rules at market prices, ensuring shares are bought at competitive rates. Daily purchase limits adhere to 25% of April 2025's average trading volume.
R. H.
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