Bilfinger said it has decided on a share buyback program. The buyback will begin by January 31, 2025, and be completed by December 31, 2025. Under this program, Bilfinger SE may purchase up to 1.10 million treasury shares on the stock exchange at a maximum price of 50 million euros, excluding transaction costs. Based on the current share price, this corresponds to approximately 2.93% of the company's share capital.
The company noted that it is making use of the authorization granted by the Annual General Meeting on May 11, 2022, according to which shares representing up to 10% of the company's share capital at the time of the resolution may be repurchased up to and including May 10, 2027.
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