+++ Ihre Meinung ist uns wichtig: Wie zufrieden sind Sie mit finanzen.ch? - Hier an unserer Umfrage teilnehmen! +++ -w-
<
News + Analysen
News + Adhoc
Analysen
Kursziele
>
<
Unternehmen
Termine
Profil
>
<
zugeh. Wertpapiere
Strukturierte Produkte
>
12.12.2017 14:09:26

DGAP-Ad hoc: Westag & Getalit AG (St.)

DGAP-Adhoc: Westag & Getalit AG: Westag & Getalit AG continues share repurchase programme; Announcement pursuant to Article 5 para. 1 lit. a) of Regulation (EU) No. 596/2014 and Article 2 para. 1 of Delegated Regulation (EU) No. 2016/1052

DGAP-Ad-hoc: Westag & Getalit AG / Key word(s): Share Buyback
Westag & Getalit AG: Westag & Getalit AG continues share repurchase programme; Announcement pursuant to Article 5 para. 1 lit. a) of Regulation (EU) No. 596/2014 and Article 2 para. 1 of Delegated Regulation (EU) No. 2016/1052

12-Dec-2017 / 14:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

(Anzeige)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.

Contact:
Thomas Sudhoff
PR and Financial Communication
Tel.: +49 5242 / 17-5176
E-Mail: ir@westag-getalit.de

12-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Westag & Getalit AG
Hellweg 15
33378 Rheda-Wiedenbrück
Germany
Phone: +49 (0)5242 17 - 0
Fax: +49 (0)5242 17 - 5603
E-mail: zentral@westag-getalit.de
Internet: www.westag-getalit.de
ISIN: DE0007775207, DE0007775231
WKN: 777520, 777523
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

fncls.ssp?fn=show_t_gif&application_id=638161&application_name=news&site_id=smarthouse