Leifheit Aktiengesellschaft (XTRA:LEI) commences share repurchases on May 15, 2024, under the program mandated by the shareholders in the Annual General Meeting held on September 30, 2020. As per the mandate, the company is authorized to repurchase up to 10% of the share capital existing at the time of the resolution or, if this value is lower, of the company's share capital existing at the time the authorization is exercised. The company is authorized to repurchase its own shares, such that the company?s holding in treasury does not exceed 10% of its issued share capital. The purchase price per share may not exceed the mean closing price of shares in Xetra trading on the Frankfurt Stock Exchange over the three trading days prior to entering into the purchase obligation by more than 10% and may not fall below this value by more than 10%. The repurchased shares may be sold on the stock exchange; or sold on the basis of an offer addressed to all shareholders while preserving the subscription rights; or may be transferred to third parties in the context of the acquisition of companies, parts of companies or shareholdings in companies or other assets and in the context of corporate mergers; or may be issued to employees of the company or to employees of a company affiliated with the company; or used to effect a scrip dividend; or can be redeemed without any further resolution of the Annual General Meeting. The authority shall expire on September 29, 2025.

On May 2, 2024, the company announces a share repurchase program. Under the program, the company will repurchase up to ?8.5 million worth of its shares. The purpose of the program is to enable shareholders to benefit not only from dividends but also from the company?s solid liquidity. The program has been approved by the Supervisory Board. The repurchases will commence on May 15, 2024, and the program will be valid till December 11, 2024.