Corporate News 19 Jul 2016

Sixt SE successfully concludes share buyback programme

Sixt SE successfully concludes share buyback programme

  • Mobility service provider buys back ordinary and preference shares with a total value of approximately EUR 50 million
  • CFO Dr Julian zu Putlitz: “Sixt shares have now become even more attractive to investors.”

Pullach, 19 July 2016 – Sixt SE has successfully concluded the share buyback programme it launched on 15 March this year. The total value of the programme was EUR 50 million excluding additional acquisition costs. By 18 July 2016, the international mobility service provider and Germany’s largest vehicle rental company had bought back 1,114,928 ordinary and preference shares worth a total of EUR 50 million, about 2.32% of the company’s subscribed capital. 779,720 ordinary shares were bought back at an average price of EUR 48.12 each. 335,208 preference shares were purchased at an average price of EUR 37.22 per share. As announced, the purchased shares shall be canceled in order to reduce capital stock.

CFO Dr Julian zu Putlitz comments: “This share buyback has made the Sixt share even more attractive because, from an investor’s point of view, a lower number of shares means better per share-based financial indicators such as earnings per share. Sixt has shown once again just how focused it is on its shareholders’ interests.”
 

More information
Frank Elsner
Sixt Central Press Office
T +49 (0) 89 / 99 24 96 – 30
F +49 (0) 89 / 99 24 96 – 32
E-Mail: pressrelations@sixt.com

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