Multitude SE: The Board of Directors of Multitude SE has decided to start a share buyback programme
May 16 2024 - 12:30AM
UK Regulatory
Multitude SE: The Board of Directors of Multitude SE has decided to
start a share buyback programme
Multitude SE: The Board of Directors of
Multitude SE has decided to start a share buyback
programme
Helsinki, 16 May 2024 – The Board of Directors
of Multitude SE, a listed European FinTech company, offering
digital lending and online banking services to consumers, small and
medium-sized businesses, and other FinTechs (ISIN: FI4000106299,
WKN: A1W9NS) (“Multitude”, “Company” or “Group”) ”), has, based on
the authorization granted by the Annual General Meeting held on 25
April 2024, resolved to implement a share buyback programme for a
total of maximum 2,172,396 shares in the company, in one or several
tranches, by using the company’s unrestricted equity. The
authorisation entitles the Board of Directors to decide to
repurchase shares or accept shares as pledge also otherwise than in
proportion to the shareholders’ holding in the company by way of
directed repurchase.
The purpose of the repurchase of shares is, and
the shares to be repurchased may be used, to meet obligations
arising from the company's incentive schemes or as a means of
payment in acquisitions and other similar arrangements relating to
the company’s business. There is therefore a weighty economic
reason for the directed repurchase of shares.
The repurchase of shares will start at the
earliest on 17.5.2024 and will end at the latest on 30.6.2024. The
maximum number of shares to be acquired is 100,000, which
corresponds to approximately 0.5% of all shares in the company.
However, the maximum amount to be used for the acquisition of
shares is EUR 700,000. The shares will be repurchased through
public trading on the Prime Standard of the Frankfurt Stock
Exchange. The price to be paid for the shares will be determined on
the basis of the share price prevailing on the Prime Standard of
the Frankfurt Stock Exchange at the time of repurchase.
At the moment, the total number of shares in the
Company is 21,723,960. The number of the treasury shares held by
the company is 60,036 at 16.5.2024.
Contact:
Lasse Mäkelä
Chief Strategy and IR Officer
Phone: +41 79 371 34 17
E-Mail: Lasse.makela@multitude.com
About Multitude SE :
Multitude is a listed European FinTech company, offering
digital lending and online banking services to consumers, small and
medium-sized businesses, and other FinTechs overlooked by
traditional banks. The services are provided through three
independent business units, which are served by our internal
Banking-as-a-Service Growth Platform. Multitude’s business units
are consumer banking (Ferratum), SME banking (CapitalBox) and
wholesale banking (Multitude Bank). Multitude Group employs over
700 people in 25 countries and offers services in 16 countries,
achieving a combined turnover of 230 million euros in 2023.
Multitude was founded in Finland in 2005 and is listed on the Prime
Standard segment of the Frankfurt Stock Exchange under the symbol
'FRU'. www.multitude.com
Multitude (LSE:0R4W)
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