Transaction in Own Shares • Oct 13, 2023
Transaction in Own Shares
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TKH Group N.V. ("TKH") today announces the start of the execution of the share buyback program amounting to a total of € 25 million, as communicated on September 29, 2023. TKH's recent closing of the TKH France divestment and strong financial foundation, allow TKH to return additional capital to its shareholders. On September 5, 2023, TKH completed its previous € 25 million share buyback program.
The intention is to execute the program within a period of four months, within the conditions set by the General Meeting of Shareholders, with a maximum purchasing volume of 20% of the daily trading volume. TKH has engaged an intermediary to repurchase the TKH shares in the open market, during open and closed periods, independent of TKH.
TKH will report on the progress of the share buyback program on a weekly basis.
Haaksbergen, October 13, 2023
For further information: Jacqueline Lenterman Investor Relations [email protected] Tel: +31(0)535732901
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TKH Group NV (TKH) is a leading technology company. We specialize in the development of innovative, client-centric systems that drive success in automation, digitalization, and electrification.
By integrating hardware, software, and customer-focused insight, our smart technologies provide unique answers to client challenges. In doing so, we work to make the world better by creating ever more efficient and more sustainable systems.
Our more than 7,000 employees pursue sustainable growth in a culture of entrepreneurship, working closely with customers to create one-stop-shop, plug-and-play innovations for Smart Vision, Smart Manufacturing, and Smart Connectivity technology.
Listed on Euronext Amsterdam (TICKER: TWEKA), we operate globally and focus our growth across Europe, North America, and Asia.
For further information, please visit www.tkhgroup.com.
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