Deutsche EuroShop AG (XTRA:DEQ) commences share repurchases on December 21, 2023, under the program mandated by the shareholders in the Annual General Meeting held on August 29, 2023. As per the mandate, the company is authorized to repurchase up to 7,646,431 shares, representing 10% of its issued share capital, such that the company?s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The shares will be repurchased at a price shall not be more than 20% below or more than 10% above the share?s stock exchange price. The repurchased shares may be sold within the scope of mergers or for the purpose of acquiring companies, parts of companies, interests in companies or other assets, to be issued for the fulfilment of obligations arising from Bonds and transfer the shares to Executive Board members of the Company within the scope of the determination of variable remuneration. The program is valid till August 28, 2028. As of July 20, 2023, the company had 76,464,319 shares issued and no shares in treasury.

On December 18, 2023, the company announced a share repurchase program. Under the program, the company will repurchase 750,000 shares, representing approximately 1% of the Company's share capital, for ?15 million. The repurchased shares may be used for any purpose permitted under the authorization granted by the shareholders' meeting. The buyback will take place within a period of December 21, 2023 (first possible acquisition day) until December 20, 2024 (last possible acquisition day) at the latest.