Biontech announces new ads repurchase program

Mainz, germany, march 28, 2023 (globe newswire) -- biontech se (nasdaq: bntx, “biontech” or the “company”) today announced that it has entered into a new share repurchase program (the “program”), pursuant to which the company may purchase american depositary shares, each representing one ordinary share (“ads”), of the company in the amount of up to $0.5 billion during the remainder of 2023. biontech expects to use all or a portion of the repurchased adss and the adss held in treasury to satisfy upcoming settlement obligations under the company's share-based payment arrangements.
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