Frequentis AG commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on June 2, 2022.

Frequentis AG (XTRA:FQT) commences share repurchases on August 28, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 2, 2022. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The minimum consideration per share may not be more than 20% below and the maximum consideration per share may not be more than 10% above the average closing price on the stock exchange over the preceding ten trading days. The share repurchase program is valid for 30 months.

On August 17, 2023, the company has initiated a repurchase program. Under the program the company will repurchase up to 17,500 shares, representing 0.13% of its share capital. The purpose of the program is to fulfil the obligations of the company under the Long Term Incentive Plan for the Executive Board. The program will commence on August 28, 2023 and will end on January 31, 2024.