Share buyback program completed
October 31, 2018
- Acquisition of 3,942,211 of the company’s own shares with a total value of 149,999,972.62 €
- Average price of 38.05 €
Bilfinger SE has today completed the buyback of its own shares with a volume of up to 150 million €. The intention of this buyback as from the fall of 2017 was published with the ad hoc release of February 13, 2017 already. In the period from September 6, 2017 up to and including October 31, 2018 a total of 3,942,211 of the company’s own shares (8.92% of the share capital of Bilfinger SE) with a total value of 149,999,972.62 € (not including supplementary costs of acquisition) were acquired. This corresponds to an average price of 38.05 € (not including supplementary costs of acquisition) per re-acquired share.
The share buyback was announced on September 1, 2017 and originally limited until December 21, 2018 at the latest. The buyback program was to end as soon as a maximum of 4,420,904 shares at a maximum acquisition price of 150 million € (not including supplementary costs of acquisition) had been bought back. This limit was reached today. The acquisition of the shares was carried out by financial institution Commerzbank AG, commissioned by the company, over the stock exchange.
The final status of the share buyback program has been published on the Bilfinger SE website at the following link: http://www.bilfinger.com/en/investor-relations/shares/share-buyback-2017/2018/