As part of its employee participation programme this year, the executive board of Frankfurt Airport operator Fraport AG Frankfurt Airport Services Worldwide has decided to buy back its own shares through the stock exchange.
To fulfil all claims, up to 75,000 of its own shares (about 0.081% percent of the capital stock) will be bought back.
The share buyback serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide.
The total purchase price (excluding incidental costs) is up to €4 million.
The share buyback will begin on June 4 and will be completed by June 30 this year and will be carried out by an independent financial service provider.
