14.08.2017 08:20:01

DGAP-News: Rocket Internet SE

DGAP-News: Rocket Internet SE: Rocket Internet SE announces share buy-back program for a maximum of up to 100 million Euro

DGAP-News: Rocket Internet SE / Key word(s): Share Buyback
Rocket Internet SE: Rocket Internet SE announces share buy-back program for a maximum of up to 100 million Euro

14.08.2017 / 08:20
The issuer is solely responsible for the content of this announcement.


Rocket Internet SE announces share buy-back program for a maximum of up to 100 million Euro

- Share buy-back program of a maximum of up to 3.03% of Rocket Internet's outstanding share capital with a maximum consideration of up to 100 million Euro

- Program to be executed commencing August 14, 2017 and ending April 30, 2018

Berlin, August 14, 2017 - The Management Board of Rocket Internet SE ("Rocket Internet"), with consent of the Supervisory Board, has resolved to carry out a share buy-back program with a total maximum consideration (excluding ancillary costs) of up to 100 million Euro and a maximum volume of up to 5,000,000 shares, representing a maximum of up to 3.03% of the outstanding share capital of Rocket Internet (the "Share Buy-Back Program"). The buy-back will be executed via Xetra trading on the Frankfurt Stock Exchange and will begin on August 14, 2017 and end on April 30, 2018. The repurchased shares are intended to be redeemed, and Rocket Internet's share capital is intended to be reduced accordingly.

The Share Buy-Back Program will be carried out based on the authorization of the Annual General Meeting of June 2, 2017. Under this authorization, Rocket Internet SE is authorized to acquire own shares until June 1, 2022 in an amount of up to 10% of the share capital of Rocket Internet at the time of the resolution or - if this value is lower - at the time of the exercise of the authorization. If the shares are repurchased over the stock exchange, the purchase price per share (excluding ancillary costs) may not exceed or be less than 10% of the price of a share of Rocket Internet in Xetra trading (or a corresponding successor system) ascertained by the opening auction on the trading day.

The Share Buy-Back Program will be executed by an international credit institution and in accordance with Art. 5 of Regulation (EU) No 596/2014 of the European Parliament and the Council of April 16, 2014 as well as the provisions of Delegated Regulation (EU) 2016/1052 of the Commission of March 8, 2016 (Safe Harbour regulations).

"We use our strong cash position to repurchase own shares", says Oliver Samwer, CEO Rocket Internet. "The Share Buy-Back Program underlines our aim to allocate capital most efficiently."

To the extent required and legally permissible, the Share Buy-Back Program can be suspended and also resumed at any time. Rocket Internet will give regular updates about the execution of the Share Buy-back Program on its website under the section Investors/Share.

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Contact
T: +49 30 300 13 18 68
E: investorrelations@rocket-internet.de

About Rocket Internet
Rocket Internet incubates and invests in Internet companies with proven business models. It provides operational support to its companies and helps them scale internationally. Rocket Internet focuses predominantly on four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Rocket Internet's selected companies are active in a large number of countries around the world with more than 28,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.

Disclaimer / Important Note
Despite not having control over the key portfolio companies mentioned above, the aggregate financial information is shown on a 100% basis (i.e. 100% of revenues and EBITDA). The actual legal and economic interest of the Rocket Internet group in the network companies shown above is far lower than 100%. Please refer to Rocket Internet SE's consolidated financial statements for additional information on the group's consolidation policies and its segment information.

This document contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of Rocket Internet SE and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations and competition from other companies, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, and other factors. Rocket Internet does not assume any obligations to update any forward-looking statements.



14.08.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Rocket Internet SE
Charlottenstrasse 4
10969 Berlin
Germany
Phone: +49 (0)30 300 13 1800
Fax: +49 (0)30 300 13 1899
E-mail: investorrelations@rocket-internet.de
Internet: www.rocket-internet.de
ISIN: DE000A12UKK6
WKN: A12UKK
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Luxemburg

 
End of News DGAP News Service

601123  14.08.2017 

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