NORMA Group continues strategic repositioning: Share buyback program and changes to the Supervisory Board

NORMA Group is initiating the next step in the announced return of capital to its shareholders. As previously announced, the Management Board and Supervisory Board will propose to the Annual General Meeting on July 1, 2026, the approval of a public share buyback program with a total volume of up to EUR 208 million. The repurchased shares are subsequently intended to be cancelled and the share capital of NORMA Group SE reduced accordingly.

Shareholder participation in the sale of the water management business

This step follows the successful completion of the sale of the former water management business unit in early 2026, which generated net proceeds of approximately EUR 650 million. As part of the company’s strategic repositioning, up to EUR 260 million of these proceeds are intended to be returned to shareholders, as previously announced.

In April 2026, NORMA Group completed its first public share buyback program with a volume of approximately EUR 52.8 million as planned. The newly proposed second program represents the next logical step in the announced return of capital to shareholders.

The resolution proposal submitted to shareholders stipulates that a premium of up to 30 percent may be offered compared to the stock market price of the relevant reference period, provided that the resulting purchase price does not exceed the value per share determined in accordance with IDW S1. The Management Board expressly welcomes the possibility of such a premium. Further details regarding the proposed additional share buyback program will be determined by the Management Board following approval by the Annual General Meeting, in accordance with the provisions of the shareholders’ resolution.

NORMA Group is also deploying the remaining proceeds from the sale as planned: approximately EUR 300 million has already been used to reduce debt. Around EUR 70 million is intended to further strengthen the core business going forward.

CEO Birgit Seeger: “With the sale of the water management business, we laid the foundation for NewNORMA. Through the proposed second share buyback program, we intend to enable our shareholders to participate in the proceeds from the sale in a targeted manner. At the same time, we are moving forward with the strategic and operational repositioning of NORMA Group as an Industrial Powerhouse for connecting solutions.”

Changes in the Supervisory Board

In light of the company’s new size following the sale of the water management business unit, the Supervisory Board is to be reduced from six to five members. The Management Board and the Supervisory Board will propose a respective resolution to the Annual General Meeting. Effective July 1, 2026, Kerstin Müller-Kirchhofs and Dr. Erek Speckert will resign from their mandates. The Supervisory Board will propose Benjamin Schmid, Investment Partner at Teleios Capital Partners LLC, for election as a new member to the Annual General Meeting.

Mr. Schmid has extensive experience at renowned private equity and public equity investment firms with a focus on European industrial and service companies in the small- and mid-cap segment. As a result, he possesses particular expertise in the strategic positioning, development and value enhancement of portfolio companies from the perspective of a long-term, active investor.

CEO Birgit Seeger: “On behalf of the Management Board, I would like to express my appreciation for Ms. Müller-Kirchhofs’ dedicated and constructive support of the Management Board in the various roles she has held. We would also like to thank Dr. Speckert for the important contributions he has made to the company based on his operational experience.”

Mark Wilhelms, Chairman of the Supervisory Board: “I would like to thank Ms. Müller-Kirchhofs for the excellent cooperation and her responsible interim leadership of the Supervisory Board from February to October 2025 during the preparations for the completion of the Water Management sale. I would also like to thank Dr. Speckert for his valuable contribution to the company’s development. With Benjamin Schmid, we are proposing an outstanding candidate to the Annual General Meeting. With his many years of experience as an investor as well as his extensive capital markets and financial expertise, he is ideally suited to complement the Supervisory Board.”

With Teleios represented on the Supervisory Board, NORMA Group’s anchor investor is supporting the company in its strategic repositioning to become a focused industrial supplier and “Industrial Powerhouse” for connecting solutions.

NORMA Group’s Annual General Meeting will take place on July 1, 2026, from 10 am as an in-person event in Frankfurt/Main. The formal invitation to the Annual General Meeting was published today in the German Federal Gazette (Bundesanzeiger).