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The latest update is out from Frequentis AG ( (DE:FQT) ).
Frequentis AG has announced a share repurchase program, authorized by the General Meeting and pending Supervisory Board approval, to buy back up to 6,000 shares, representing approximately 0.05% of its share capital. The repurchase, conducted via the Vienna Stock Exchange, aims to fulfill obligations under the Long Term Incentive Plan for the Executive Board and other permissible purposes. This move is not expected to affect the company’s stock exchange listing and is managed independently by a credit institution.
More about Frequentis AG
Frequentis AG is a global leader in high-tech solutions for Air Traffic Management, supporting both civil and military air traffic control organizations. The company also specializes in Public Safety and Transport sectors, providing solutions for police, emergency rescue services, fire brigades, railways, coastguards, and port authorities. Based in Vienna, Austria, Frequentis is a listed family business with a focus on innovative and sustainable safety and security solutions. It operates in over 50 countries with products and services used in around 150 countries, and its shares are traded on the Vienna and Frankfurt stock exchanges.
YTD Price Performance: 126.43%
Average Trading Volume: 6,956
Current Market Cap: €830.4M
For detailed information about FQT stock, go to TipRanks’ Stock Analysis page.