Alzchem Group AG Initiates Share Repurchase Program

Alzchem Group AG has announced the commencement of a share repurchase program as detailed in its ad hoc announcement from November 5, 2024. Starting December 2, 2024, the company plans to repurchase up to 100,000 no-par-value shares over a period of up to twelve months. The total purchase price for these shares will not exceed EUR 6 million, excluding ancillary purchase costs, and will be conducted exclusively on the Frankfurt Stock Exchange via the electronic platform XETRA.

The repurchase aims to serve multiple purposes, including acquiring an acquisition currency, issuing the shares to the company’s employees, or redeeming the shares. The company's Managing Board, with the Supervisory Board's approval, is executing this initiative under the authority granted by the Annual General Meeting on May 7, 2024.

A bank will execute the purchases on behalf of Alzchem Group AG, operating independently of the company. The program may be paused and resumed, in compliance with relevant statutory regulations. Alzchem Group AG will provide updates on the progress through its website.