Rocket Internet buys back 10 million shares

Rocket Internet

Owners of Jumia, Rocket Internet said it has successfully bought back a total of 10,765,906 of its own shares between August 14, 2017 and May 9, 2018.

Rocket said in the disclosure that it acquired 1,041,167 of these shares through a public share buy-back program and another 9,724,739 shares through a public share purchase offer.

“Today, the 10,765,906 own shares were redeemed and thus the share capital of the company was reduced from EUR 165,140,790.00 by EUR 10,765,906.00 to EUR 154,374,884.00,” the company said.