Munich, Germany, 2 April 2020, 14:12 CET – HolidayCheck Group AG has so far acquired 368,647 of its treasury shares under the current share buy-back programme (as at 1 April 2020). This means that the company now holds a total of around 1.06 million treasury shares. Therefore, HolidayCheck Group AG will in all probability have enough of its treasury shares to be able to service the share tranche due at the beginning of July 2020 as part of the employee stock plan. Against the background of the current COVID-19 pandemic and the resulting economic uncertainties for the company, the Management Board today decided as a precaution to end the current share buy-back programme prematurely at the end of tomorrow's trading day (3 April 2020) in order to ensure the most flexible liquidity framework possible.
About HolidayCheck Group AG:
HolidayCheck Group AG (ISIN DE005495329), Munich, Germany, is one of Europe’s leading digital travel firms for holidaymakers. With a total workforce of around 490, HolidayCheck Group AG comprises HolidayCheck AG (which operates hotel review and travel booking portals by the same name), HC Touristik GmbH (which operates the travel agent HolidayCheck Reisen), Driveboo AG (which operates the car rental portals MietwagenCheck and Driveboo) and WebAssets B.V. (which operates the Zoover hotel review portals and the MeteoVista/WeerOnline weather portals). HolidayCheck Group’s vision is to become the world’s most holidaymaker-friendly company in the world.