Share buyback
The company’s purchase of its own shares serves to create treasury stock for possible acquisitions or future financing needs.
The Executive Board of Aurubis AG passed a resolution on March 18, 2020, exercising the authorization granted by the shareholders represented at the Annual General Meeting in 2018 to purchase and use the company’s own shares, to purchase up to 4,495,672 company shares (equivalent to up to approximately 10 % of the existing share capital) in multiple tranches via the stock exchange, up to a total purchase price (excluding incidental acquisition costs) of EUR 200 million. The company’s own shares purchased in this way shall be used for purposes permitted by the authorization issued by the shareholders represented at the Annual General Meeting in 2018. The buyback program began on March 19, 2020 and shall conclude at the end of September 17, 2021 at the latest.
The company’s purchase of its own shares serves to create treasury stock for possible acquisitions or future financing needs.
In the following, we inform you about the progress of the share buyback program.