DGAP-Ad hoc: Westag & Getalit AG (St.)
DGAP-Ad-hoc: Westag & Getalit AG / Key word(s): Share Buyback
Passende neue Barrier Reverse Convertibles
The Management Board of Westag & Getalit AG today decided, with the consent of the Supervisory Board, to continue the share repurchase programme in 2018. The company thus builds on the resolution passed on December 15, 2016 and will continue to repurchase own preference shares representing up to 10% of the present share capital beyond December 31, 2017 until 31 December 2018. At no time may the purchased shares, together with other own shares, represent more than 10% of the share capital. The Management Board thus exercises the authorisation granted by the ordinary Annual General Meeting dated August 18, 2015 to acquire own shares in accordance with section 71 para. 1 No. 8 of the German Stock Corporation Act (AktG).
The shares are to be acquired via the stock exchange. The purchase price (excl. ancillary expenses) must not be more than 10% higher or lower than the average of the closing prices of the preference shares at the Frankfurt Stock Exchange (XETRA) on the three days preceding the purchase. The repurchased shares may be used for all legally permissible purposes covered by the authorisation granted by the Annual General Meeting.
The share repurchase is made in accordance with Articles 5, 14 and 15 of Regulation (EU) No. 596/2014 in conjunction with the Delegated Regulation (EU) No. 2016/1052 with the exception of Article 2 para. 1 a). The average daily share turnover that is relevant for the upper limit of the daily repurchase is derived from the average daily trading volume of the 20 trading days preceding the date of purchase. The repurchases are announced on the company's website at www.westag-getalit.com/aktienrueckkauf.
PR and Financial Communication
Tel.: +49 5242 / 17-5176
12-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Westag & Getalit AG|
|Phone:||+49 (0)5242 17 - 0|
|Fax:||+49 (0)5242 17 - 5603|
|Listed:||Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|
638161 12-Dec-2017 CET/CEST