On November 11, 2020 QIAGEN N.V. (NYSE: QGEN; Frankfurt Prime Standard: QIA) reported that it has commenced a share repurchase of up to $100 million as authorized in a repurchase program already announced on May 6, 2019 (Press release, Qiagen, NOV 11, 2020, View Source [SID1234570801]).

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In the period between today and December 17, 2020, at the latest, up to $100 million of QIAGEN shares (or the equivalent Euro amount thereof, in each case without ancillary purchasing costs) are planned to be repurchased through a financial institution commissioned by the Company exclusively on the electronic trading platform of the Frankfurt Stock Exchange (XETRA). Based on the closing price on Tuesday, November 10, 2020, this represents a repurchase volume of approximately two million shares.

"This share repurchase program reflects our confidence in QIAGEN’s growth prospects and outlook, and is a reaffirmation of our commitment to creating value for shareholders and other stakeholders," said Thierry Bernard, Chief Executive Officer of QIAGEN N.V.

"We have a very healthy balance sheet that enables a disciplined capital deployment policy to support QIAGEN’s business expansion while also increasing returns to shareholders," said Roland Sackers, Chief Financial Officer of QIAGEN N.V.

QIAGEN will provide regular updates on the progress of the repurchase program in the Investor Relations section at www.qiagen.com.