pta20240319035
Business news for the stock market

7C Solarparken AG: announces the successful and preliminary completion of the share buyback program 2023

Bayreuth (pta035/19.03.2024/18:50 UTC+1)

Announcement pursuant to Art. 5 para. 1 lit. b) and para. 3 of Regulation (EU) 596/2014 and Art. 2 para. 2 and 3 of Delegated Regulation (EU) 2016/1052

Final notification regarding the share buyback program 2023 announced on November 27th 2023 and extended on February 28th 2024

7C Solarparken AG successfully completed the share buyback program with a total volume of up to EUR 6 million (excluding incidental acquisition costs), which began on November 28th 2023 and was extended on February 28th 2024. The share buyback program was concluded on March 19th 2024 as the maximum volume of shares was reached.

In the total period of the share buyback from November 28th 2023 up to and including March 19th 2024, a total of 1,666,666 shares (ISIN DE000A11QW68) were acquired. This corresponds to 2.0% of the share capital. The rounded average purchase price paid on the stock exchange was EUR 3.39 per share. The total purchase price of the shares, which were repurchased, amounted to EUR 5,648,826.07 (excluding incidental acquisition costs).

7C Solarparken AG intends to use the repurchased shares for the purposes stated in the authorization resolution of July 17th 2020.

The acquisition of the shares of 7C Solarparken AG was executed exclusively via the stock exchange in electronic trading on the Frankfurt Stock Exchange (XETRA). To this end, 7C Solarparken engaged a bank to perform the required trades. The share buyback was announced on November 27th 2023 in accordance with Article 5 (1) (a) of Regulation (EU) No. 596/2014 and Article 2 (1) of Delegated Regulation (EU) No. 2016/1052 and initiated on November 28th 2023.

Information on the individual transactions of the share buyback is available on the website of 7C Solarparken AG at https://solarparken.com/en/aktie.php in accordance with Art. 2 para. 3 sentence 2 of the Delegated Regulation (EU) 2016/1052.

(end)

Emitter: 7C Solarparken AG
An der Feuerwache 15
95445 Bayreuth
Germany
Contact Person: Koen Boriau
Phone: +49 921 230557-77
E-Mail: info@solarparken.com
Website: www.solarparken.com
ISIN(s): DE000A11QW68 (Share)
Stock Exchange(s): Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate
Other Stock Exchanges: London
|