IONOS Group SE (IOS.F), a prominent German Internet service provider, announced on Tuesday a strategic initiative to repurchase up to 1.5 million of its own shares via the stock exchange by the end of the year, December 31. This share buyback program is valued at up to 40 million euros.
This move is aimed at fulfilling obligations relating to employee share option schemes, among other objectives. According to an earlier authorization, IONOS Group is permitted to buy back up to 10 percent of its share capital, with this authorization remaining valid until August 31, 2026.
In relation to its share performance, IONOS shares had closed 2% lower on Monday, priced at EUR 22.10.
