{"id":191976,"date":"2017-08-14T08:41:45","date_gmt":"2017-08-14T06:41:45","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=191976"},"modified":"2017-08-14T08:41:45","modified_gmt":"2017-08-14T06:41:45","slug":"rocket-internet-announces-share-buy-back-program","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/191976\/rocket-internet-announces-share-buy-back-program\/","title":{"rendered":"Rocket Internet announces share buy-back program"},"content":{"rendered":"<p>Rocket Internet , the global e-commerce investor, says it will carry out a share buy-back program with a total maximum consideration of up to <span class=\"st\">\u20ac<\/span>100 million.<\/p>\n<p>The buy-back scheme will include up to 5,000,000 shares, representing a maximum of up to 3.03% of the outstanding share capital of the company.<\/p>\n<p>The buy-back will be executed via Xetra trading on the Frankfurt Stock Exchange and will begin on August 14, 2017, ending on April 30, 2018.<\/p>\n<p>The repurchased shares are intended to be redeemed, and Rocket Internet\u2019s share capital is intended to be reduced accordingly.<\/p>\n<p>&#8220;We use our strong cash position to repurchase own shares,&#8221; said Oliver Samwer, CEO Rocket Internet. &#8220;The Share Buy-Back Program underlines our aim to allocate capital most efficiently.&#8221;<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/technology\/190576\/mtn-weighing-600-million-offer-for-internet-solutions\/\" target=\"_blank\" rel=\"noopener\">MTN weighing $600 million offer for Internet Solutions \u2013 report<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rocket Internet , the global e-commerce investor, says it will carry out a share buy-back program with a total maximum consideration of up to \u20ac100 million.<\/p>\n","protected":false},"author":10,"featured_media":8297,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[6503],"class_list":["post-191976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-rocket-internet"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/191976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=191976"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/191976\/revisions"}],"predecessor-version":[{"id":191980,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/191976\/revisions\/191980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/8297"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=191976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=191976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=191976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}