GEA Group Aktiengesellschaft (XTRA:G1A) commences share repurchases on August 16, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 19, 2018. As per the mandate, the company will repurchase its own shares, such that it’s holding in treasury does not exceed 10% of its issued share capital. In case the repurchases are made on the Stock Exchange, the repurchase price may not exceed the arithmetic mean of the share prices over the three trading days preceding the day of the acquisition by more than 10% or fall below the price by more than 20%. In case of public purchase offer, the purchase price per share offered and paid by the company must not exceed the arithmetic mean of the share prices over the three trading days preceding the day on which the Executive Board decides on the offer or the acceptance of the shareholders’ offers by more than 10% or fall below the said price by more than 20%. In the event of differences between the share price and the offered price or deviations from the price range defined in connection with the invitation to tender shares that arise after publication of a purchase offer and may be significant for the success of that offer, the price or the price range, as the case may be, may be adjusted during the tender period and/or up to the time the offer is accepted. If the overall number of shares tendered in response to a public purchase offer exceeds the volume of the offer, the acquisition can be made in proportion to the tendered shares. The program is valid till April 18, 2023. On August 12, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to €300 million worth of its shares on the Stock Exchange. The shares will be repurchased during the period commencing in August 2021 through the end of 2022.