GFT Technologies (GFTG), a German IT management service provider, said that its Administrative Board has resolved to purchase treasury shares worth up to 15 million euros, excluding transaction costs, via the stock exchange. Based on the Xetra closing price on 26 March 2025 (22.95 euros), this corresponds to up to 653,594 shares, or up to 2.48 percent of the share capital.
The share buy-back is based on the authorisation granted by the Annual General Meeting on 24 June 2020 to acquire up to 10 percent of the company's own shares. The invitation to the Annual General Meeting on 5 June 2025 will include a proposal for renewal of the authorisation.
The share buy-back program is to begin in April 2025 and, subject to the renewal resolution by the Annual General Meeting on 5 June 2025, shall end no later than 14 October 2025.
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