Südzucker AG (XTRA:SZU) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares for a total of €0.81 million. The purchase price for the buyback of shares must not exceed the price of the last independently concluded transaction or, if this is higher, that of the highest independent purchase bid currently being made on the stock exchange on which the respective purchase takes place and must not exceed the arithmetic mean of the previous three closing prices of this share in Xetra trading by more than 10% or fall below it by more than 10%.

The acquisition of these shares serves the sole purpose of meeting obligations arising from the executive board remuneration system. The program will expire on June 10, 2022.