Wüstenrot & Württembergische AG commences an Equity Buyback for 9,374,972 shares, representing 10% of its issued share capital, under the authorization approved on May 25, 2022.

Wüstenrot & Württembergische AG (XTRA:WUW) commences share repurchases on January 23, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 25, 2022. As per the mandate, the company is authorized to repurchase up to 9,374,972 shares, representing 10% of its share capital. The authorization will be valid until May 24, 2027. As of May 25, 2022, the company had 93,749,720 shares issued.

On January 16, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 85,000 shares for €2 million. The purpose of the share buyback program is to sell the purchased treasury shares as part of the implementation of the planned for the 2023 financial year employee participation program. The buyback program will run from January 16, 2023 to no later than March 3, 2023.