# NORMA Group capital return and restructuring > Live situation record from CLSTR: https://clstr.news/situations/norma-group-capital-return-and-restructuring > Updated: 2026-09-19T08:19:59.000Z. Sources: 7. Developments: 2. In August 2026, NORMA Group SE initiated a voluntary share buyback program, which included the granting of 12,000 participation rights to Dr. Daniel Heymann on August 20. By September 2026, the company completed its second share buyback program, concluding a total capital return of 260 million euros following the sale of its water management business. During the final phase, the company repurchased 9.3 million shares for approximately 208 million euros. The buyback was significantly oversubscribed, with shareholders offering 19.6 million shares—more than double the intended amount—resulting in the company fulfilling orders on a pro-rata basis. These shares, representing approximately 29 percent of the current share capital, are intended to be canceled. While the company reported revenue growth and improved adjusted EBIT in the second quarter of 2026, management noted that a weak automotive market has impacted the Mobility & New Energy segment. As the company shifts its focus back to core operations and the implementation of its ‘NewNORMA’ strategy, analysts expect future growth to be driven by Industry Applications. ## Timeline ### 2026-09-19: Norma Group completes 208 million euro share buyback Norma Group has completed a 208 million euro share buyback, concluding a 260 million euro capital return program following the sale of its water management division. 4 sources. https://clstr.news/cluster/norma-group-completes-260-million-euro-capital-return-program ### 2026-08-24: Management board members execute transactions at NORMA Group and FIT GROUP Management board members at NORMA Group SE and FIT GROUP AG have conducted stock-related transactions, including participation rights and share purchases. 5 sources. https://clstr.news/cluster/management-board-members-execute-transactions-at-norma-group-and-fit-group --- Cite as: NORMA Group capital return and restructuring. CLSTR, https://clstr.news/situations/norma-group-capital-return-and-restructuring