Asian Bamboo AG / Share Buyback
05.06.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Hamburg, 5 June. The Annual General Meeting as of today has authorised the
Company to acquire ordinary shares in the amount of up to 10 percent of the
company's current share capital. The term of the authorisation expires
November 30th, 2010. The previous authorisation to acquire ordinary shares
in Asian Bamboo AG was overruled by the general shareholders' meeting
today. The previous authorisation was the basis for the share buy-back
program, which Asian Bamboo AG started in April and ended today with the
end of the previous authorisation. The Management Board of Asian Bamboo AG
has today resolved to repurchase up to 100,000 ordinary shares of no par
value each having a notional amount of the share capital of EUR 1.00 of the
Company within the scope of a new share buy-back program. The purpose of
the new share buy-back program is for Asian Bamboo AG to maintain their
operational and financial scope of action to secure their growth strategy.
In case of an acquisition via the stock exchange, the price per share paid
by the Company (excluding incidental costs of acquisition) must be within a
range of 10 per cent higher or lower than the opening price at the
Frankfurt Stock Exchange's Xetra trading system. Not more than 25 per cent
of the average daily turnover of the Asian Bamboo AG shares will be
acquired at the respective stock exchange per day. The average daily share
turnover is calculated on the basis of the average daily trading volume in
the relevant trading segment during the last 20 trading days before the
date of purchase. The share buy-back will be implemented through a
financial institution, which will act independently and without influence
by Asian Bamboo AG on when to repurchase stock.
The buy-back will be carried out in accordance with Section 14 para. 2 and
Section 20a para. 3 of the German Securities Trading Act in conjunction
with the rules of Commission Regulation (EC) No. 2273/2003 of 22 December
2003. The buy-back program may be stopped and then resumed at any time. The
share buy-back program will not be implemented before June 8th 2009.
Further information on the current status of the share repurchases
completed under the buy-back program are provided on a weekly basis under
http://www.asian-bamboo.com/en/investor_relations/Share_buy_back.html.
For enquiries, please contact:
Asian Bamboo AG:
Peter Sjovall +852-9385 3868
Chief Financial Officer
Anja Holst +49-(0)40 37644 798
Representative - Germany
DGAP 05.06.2009
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Language: English
Issuer: Asian Bamboo AG
Stadthausbrücke 1-3
20355 Hamburg
Deutschland
Phone: +49 40 37644 798
Fax: +49 40 37644 500
E-mail: info@asian-bamboo.de
Internet: www.asian-bamboo.de
ISIN: DE000A0M6M79, DE000A0M6M79
WKN: A0M6M7, A0M6M7
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Asian Bamboo AG:Share Buy-Back
| Source: EQS Group AG