The meal kit mail order company HelloFresh wants to buy back its own shares for a further 75 million euros.
In no case would more than 10 million papers be purchased, the company announced on Monday evening. The purpose of the share buyback is to collect the repurchased share certificates and the associated reduction in the company’s share capital.
This is primarily intended to offset the dilution resulting from the regular allocations under the company’s employee stock ownership programs due in 2025. In addition, the repurchased shares will be used to fulfill obligations under HelloFresh’s employee stock ownership programs. The share repurchase program will begin no earlier than January 2, 2025 and end no later than December 31, 2025.
The measure met with approval on the stock exchange. On the Tradegate trading platform, HelloFresh shares recently rose by two percent compared to the Xetra closing price. /he/la
BERLIN (dpa-AFX)
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