Stuttgart, 28 March 2025 – GFT Technologies SE (GFT) plans to purchase treasury shares worth up to EUR 15 million. Based on the Xetra closing price on 26 March 2025 (EUR 22.95), this corresponds to up to 653,594 shares, accounting for up to 2.48 percent of share capital.
“This programme underscores our conviction that our new five-year strategy will make GFT even more successful and profitable. As the entire small-cap market is at a generally low valuation right now, we want to take advantage of this to buy back shares,” said GFT’s Global CEO Marco Santos. All analysts covering GFT currently recommend GFT Technologies shares as a buy. Santos added, “We will turn GFT into a fully AI-centric company. We’re investing in our expertise, innovation and delivery capabilities to become the partner of choice for clients executing their AI transformation. This will drive our strong and profitable growth over the long term.”
The share buy-back programme via the stock exchange is based on the authorisation granted by the Annual General Meeting on 24 June 2020 to purchase treasury shares up to 10 percent of share capital. It is to begin in April 2025 and, subject to renewed authorisation by the Annual General Meeting on 5 June 2025, shall end no later than October 14, 2025.
For more details on GFT’s five-year strategy, see the company’s audited Annual Report and the Group’s separate non-financial sustainability statement for the financial year 2024 which will also be released today.
