Stock Program

With their knowledge and commitment, the employees of a service company decisively shape the corporate image as perceived by the customer and thus contribute to the company's success. Therefore, Fraport provides a work environment for its employees that rewards performance, offers individual development opportunities, and allows employees to share the company's profit. In this connection, the employee investment plan constitutes an important element of Fraport's performance and success-related compensation system. Under this program, employees every year have the individual option of purchasing Fraport AG shares at a reduced price instead of receiving a cash benefit. The employee investment plan is also available to employees of various majority-owned Fraport subsidiaries in Germany which have chosen to participate in the plan. The employee investment plan continues to prove very popular.

Since 2001 a total of around 1.6 million shares at a par value of €10.00 each have been issued to Fraport employees. The Employee investment plan available in the current year includes the choice between a cash bonus of €300 and Fraport shares in the amount of €360. Each employee of participating subsidiaries, also can buy shares in the total amount of up to €360 – depending on the subsidiary.

In 2018, some 6,370 employees – or 60,5% of the eligible employees - took advantage of one of the investment plan models and subscribed to 24,712 shares at a purchasing price of € 79,53 each.

For the implementation of employee participation program 2019 the Executive Board of Fraport AG Frankfurt Airport Services Worldwide (ISIN DE0005773303) decided to buy back own shares through the stock exchange.
To fulfill all claims up to 52,000 of its own shares (this corresponds to approximately 0.056 percent of the capital stock) will be bought back.

The share buyback complies with rules and regulations set forth in Sec. 71 (1) No. 2 AktG (Aktiengesetz - German Stock Corporation Act). It serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide. The total purchase price (excluding incidental costs) is up to EUR 4,200,000.

The share buyback will begin on 03 June 2019 and will be completed by 28 June 2019. It will be carried out by an independent financial service provider in accordance with the safe harbour rules defined under Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council dated 16 April 2014, in conjunction with the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. In particular, the financial services provider is required to execute the repurchase of shares as follows:

1. The shares are purchased at market prices in accordance with the aforementioned regulations. The shares are not purchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out.

2. On any trading day, no more than 25 percent of the average daily volume of the shares on the trading venue on which the purchase is carried out is purchased. The average daily volume is based on the average daily volume traded during the month preceding the month, in which the publication of the share buyback program took place, that means, on the average daily trading volume in
April 2019.

Share Buyback 2018

 

Period Number of Shares Repurchased
Average Price (in €)
Repurchased Volume (in €) Details (Overview)
CW 22 7,998 80.4203 643,201.76  
May 30, 2018
2,666 79.7843 212,705.00 CW 22
May 31, 2018
2,666 81.4047 217,024.80 CW 22
June 1, 2018
2,666 80.0720 213,471.96 CW 22
         
CW 23 13,335 80.5823 1,074,565.24  
June 4, 2018
2,667 80.1652 213,800.72 CW 23
June 5, 2018
2,667 80.7066 215,244.54 CW 23
June 6, 2018
2,667 80.7360 215,323.04 CW 23
June 7, 2018
2,667 81.3623 216,993.34 CW 23
June 8, 2018
2,667 79.9414 213,203.60
CW 23
         
CW 24
4,067 79.5955 323,607.80  
June 11, 2018
2,667 79.5110 212,055.080 CW 24
June 12, 2018
1,400 79.6800 111,552.00 CW 24
         
Total 25,400 80.3364 2,041,374.80  
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Share Buyback 2019

 

Period Number of Shares Repurchased
Average Price (in €)
Repurchased Volume (in €) Details (Overview)
CW 23   17,000 72.6045 1,234,276.54  
June 3, 2019 3,400 70.5461 239,856.70 CW 23
June 4, 2019 3,400 71.8930 244,436.08 CW 23
June 5, 2019 3,400 73.2592 249,081.12 CW 23
June 6, 2019 3,400 73.2625 249,092.44 CW 23
June 7, 2019 3,400 74.0618 251,810.20 CW 23
         
CW 24 13,236 75.8558 1,004,027.26  
June 11, 2019 3,309 75.3930 249,475.52 CW 24
June 12, 2019 3,309 75.6927 250,467.30 CW 24
June 13, 2019 3,309 76.2886 252,439.04 CW 24
June 14, 2019 3,309 76.0488 251,645.40 CW 24

       
Total 30,236 74.0278 2,238,303.80  
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