Francotyp-Postalia Holding AG commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on November 10, 2020.
November 10, 2022
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Francotyp-Postalia Holding AG (XTRA:FPH) commences share repurchases on November 2, 2022 under the program mandated by the shareholders in the Annual General Meeting held on November 10, 2020. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The shares if purchased on the stock exchange, then the price which the company will pay for its shares shall not be more than 10% higher or lower than the share price calculated in the opening auction on the trading day in electronic Xetra trading at Deutsche Börse AG in Frankfurt/Main. The repurchased shares will be used for servicing subscription rights that were issued and have been or will be exercised under stock option plans. The share repurchase program is valid until November 9, 2025.
On October 28, 2022, the company announced a share repurchase program. Under the program the company will repurchase up to 557,680 shares, representing 3.4% of its issued share capital, for a total consideration of €2 million.
On November 1, 2022, the company announced that the repurchases will commence from November 2, 2022 and will be valid till November 1, 2023.
Francotyp Postalia Holding AG is a Germany-based holding company engaged in the outbound mail processing sector. The Company diversifies its operations into three product segments: Franking and Inserting; Mail Services, and Software Solutions. In the Franking and Inserting product segment, the Company concentrates on developing, manufacturing, selling and leasing franking and inserting machines. The Mail Services product segment comprises the consolidation of business mail and is operated by freesort GmbH, which has its branches throughout Germany. The mail consolidation services include collecting letters from clients, sorting them and delivering them in batches to a sorting office of postal distributors. The Software Solutions segment comprises two solutions: hybrid mail and fully electronic solution via De-Mail.
Francotyp-Postalia Holding AG commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on November 10, 2020.
FRANCOTYP-POSTALIA HOLDING AG 
