Adler Modemärkte AG / Key word(s): Share Buyback
14.08.2012 08:28
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc disclosure in accordance with
§ 15 German Securities Trading Act
(Wertpapierhandelsgesetz, 'WpHG')
from Adler Modemärkte AG
Management Board of Adler Modemärkte AG resolves on further share
repurchase
Haibach, 14 August 2012 - The Management Board of Adler Modemärkte AG
resolved today following the consent of the Supervisory Board to once again
partly exercise the authorisation granted by the Company's extraordinary
General Meeting on 30 May 2011 to acquire further treasury shares by
acquiring up to 823,839 shares of the Company (approx 4.5% of the current
share capital) until 31 December 2012 over the stock exchange. The
consideration to be paid per share (excluding ancillary acquisition costs)
must not exceed EUR 10.00 and will not be permitted to be more than 10%
above or below the price determined for a share of the Company on the
relevant stock exchange trading day in the opening auction of the Xetra
trading system.
The shares repurchased may be used for any purpose approved by the
resolution of the Company's extraordinary General Meeting on 30 May 2011,
in particular the shares may be offered and transferred to third parties in
connection with company mergers or the acquisition of companies or equity
investments in companies, the shares may be offered for purchase and
transferred to members of the Management Board or employees of the Company
or its Group companies, the shares may be offered for purchase and
transferred to third parties who, as strategic partners of the Company or
its Group companies, play a significant role in assisting the Company to
achieve its corporate goals, or the shares may be used to satisfy the
obligations of the Company arising out of convertible bonds issued or
guaranteed by it.
The share repurchase shall be performed by a financial institution in
compliance with the safe harbour regulations for share repurchases as set
out in the Ordinance (EU) No. 2273/2003 of the European Commission. The
financial institution mandated to perform the share repurchase will be
entitled to decide on the timing of the acquisition of the shares
independently from, and unaffected by, the Company. The share repurchase is
expected to commence on 14 August 2012 and will be terminated on 31
December 2012 at the latest. The Management Board of Adler Modemärkte AG
reserves the right to terminate the share repurchase at any time.
Contact Adler Modemärkte AG:
Adler Modemärkte AG
Investor Relations
Tel.: +49 6021 633 1828
Fax: +49 6021 633 1417
Email: investorrelations@adler.de
14.08.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Adler Modemärkte AG
IndustriestraÃe Ost 1-7
63808 Haibach
Germany
Phone: +49 (0) 6021 633 0
Fax: +49 (0) 6021 633 1299
E-mail: info@adler.de
Internet: www.adlermode.com
ISIN: DE000A1H8MU2
WKN: A1H8MU
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Adler Modemärkte AG: Management Board of Adler Modemärkte AG resolves on further share repurchase
| Source: EQS Group AG