Netfonds AG (DB:NF4) commences share repurchases on November 7, 2022, under the program mandated by the shareholders in the Annual General Meeting held on August 14, 2019. As per the mandate, 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 price, which the company will pay for its common stock, will not be more than 10% above or below the market price on the previous trading day of a company's share in the XETRA trading system. The repurchased shares may be redeemed by way of capital reduction, or sold via stock exchange or by means of an offer with subscription rights to all shareholders, or used for the purposes of employee share programs of the company or a group company by offering or transferring treasury shares for purchase to persons who are in an employment relationship with the company or a group company, or may be offered and transferred against contributions in connection with mergers or for the (also indirect) acquisition of companies, parts of companies or shareholdings in companies. The authority shall expire on August 13, 2024.

On October 11, 2022, the company announces a share repurchase program. Under the program, the company will repurchase up to 20,000 no-par value shares, for a total of €1 million. The repurchases will commence in October 2022, and the program will expire on June 30, 2023. The repurchased shares will be cancelled.