DGAP-News: QSC AG / Key word(s): Share Buyback
QSC AG completes share buy-back
05.11.2012 / 14:09
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QSC AG completes share buy-back
Cologne, November 5, 2012. QSC AG (German Securities ID 513700/ISIN
DE0005137004) has completed the share buy-back program on November 5, 2012,
which had been resolved by the Management Board on May 11, 2012, and
announced on the same day. From May 21, 2012 until November 5, 2012 a total
of 13,699,913 treasury shares were bought back via the stock exchange. This
corresponds to 9.98% of the current capital stock. The Management Board has
thus made full use of the authorization of the General Meeting held on May
20, 2010.
The purchase price was on average EUR 2.117 per QSC share. Altogether the
shares were bought back at a total price of EUR 29.0 million (excluding
ancillary costs). The repurchased shares will be kept in treasury stock of
QSC AG until further notice and shall later be used for one or several of
the intended purposes set forth in the authorization resolution of the
General Meeting.
The share buy-back was carried out by Joh. Berenberg, Gossler & Co. KG,
Hamburg, which decided independently and unaffected by QSC AG on the timing
of the individual buy-backs. Information on the transactions pursuant to
Article 4 para. 4 of the Regulation (EC) No. 2273/2003 is published on
www.qsc.de under 'Investor Relations'.
Queries to:
QSC AG
Arne Thull
Head of Investor Relations
Phone: +49 221 6698-724
Fax: +49 221 6698-009
E-mail: invest@qsc.de
Internet: www.qsc.de
End of Corporate News
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Language: English
Company: QSC AG
Mathias-Brüggen-StraÃe 55
50829 Köln
Germany
Phone: +49-221-6698-724
Fax: +49-221-6698-009
E-mail: invest@qsc.de
Internet: www.qsc.de
ISIN: DE0005137004
WKN: 513700
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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191499 05.11.2012
DGAP-News: QSC AG completes share buy-back
| Source: EQS Group AG