Godewind Immobilien AG (XTRA:GWD) commences share repurchases on January 20, 2020, under the program mandated by the shareholders in the Annual General Meeting held on August 6, 2019. As per the mandate, the company is authorized to repurchase shares up to 10% of the issued share capital. The share will be purchased at a price not exceeding not exceed by more than 10% the average closing price of a share in the Xetra trading system, on the last three days of stock trading prior to the obligation to purchase and may not fall below this price by more than 20%. The repurchase program is valid till August 5, 2024. As of January 14, 2020, the company holds 1,500,000 shares in treasury. On January 14, 2020, the company initiated a share repurchase program. Under the program, the company will repurchase up to 1,762,500 shares, representing 1.62% of the share capital for a total of €8.46 million. the shares repurchased will be used for the sale of the shares under exclusion of shareholders’ subscription rights against cash payment, provided that the price at which the shares are sold is not significantly lower than the stock exchange price of the company’s shares in XETRA trading and against non-cash contributions. The program will commence on January 16, 2020 and will expire on April 30, 2020.