[Funding alert] HelloFresh SE Launches up to €150 Million buy-back in Shares and Certain Convertible Bonds

Banks will be utilized for any repurchases. The share repurchases are scheduled to follow a specific program designed to buy more shares at lower prices, fewer shares at higher prices, and no shares above a particular price point; in no event, however, will more than 15 million shares be repurchased.

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Convertible bond repurchases are only supposed to occur seldom and in tiny quantities, contingent upon price fluctuations and are limited to a maximum of 500 convertible bonds with a nominal value of EUR 50 million. The Company might not be able to use all EUR 150 million as a result.

The buyback of shares seeks to either reduce the firm's share capital by canceling the repurchased shares or use them to fulfill obligations related to the employee equity incentive programs of the company. Any convertible bonds that are repurchased would be cancelled in order to further improve the capital structure of the business.

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About HelloFresh

The largest meal kit supplier in the world, HelloFresh SE is a worldwide food solutions firm. The HelloFresh Group is made up of eight brands that offer premium food and recipes for customers for various mealtimes.

The Company operates in the United States, the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland, Canada, New Zealand, Sweden, France, Denmark, Norway, Italy, Ireland, and Spain. It was established in Berlin in November 2011.

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Over 236 million meals were served by HelloFresh in Q3 2023, and 7.1 million active consumers were reached. In November 2017, HelloFresh SE went public on the Frankfurt Stock Exchange and is presently trading on the MDAX, which is the German mid-cap stock market index.

The HelloFresh Group maintains offices in London, Amsterdam, Boulder, New York, Chicago, Saarbrücken, Berlin, Sydney, Toronto, Auckland, Paris, Copenhagen, Milan, Dublin and Barcelona.