Drillisch AG / Share Buyback/Miscellaneous
14.02.2008
Release 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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Drillisch AG authorizes share buyback
Maintal, February 14, 2008. The board of directors of Drillisch AG has
resolved upon the implementation of a share buyback program. The resolution
is based on the authorization of the shareholders meeting of May 18, 2007,
which authorized Drillisch AG to purchase its own shares up until November
17, 2008. The share buyback program will not exceed 10 % of the registered
share capital at the time of the shareholders meeting (3,495,102 shares)
and runs from February 15, 2008 until May 30, 2008.
The buyback of the own shares will be handled by a credit institution
instructed by Drillisch AG in accordance with the provisions of Article 5
(Conditions for Trading) of Commission Regulation (EC) No. 2273/2003 of 22
December 2003. This means in particular, that Drillisch AG will not
purchase shares at a price higher than the higher of the price of the last
independent trade and the highest independent bid on the trading venues on
the regulated market where the purchase is carried out. In any case the
purchase price will not deviate more than 10 % above or below the average
price of the Drillisch-shares at the closing auction of XETRA trading on
the Frankfurt Stock Exchange during the last five trading days prior to the
purchase of the shares. Further, Drillisch AG will not purchase more than
25 % of the average daily volume of its shares on the regulated market
where the purchase is carried out.
The purchase of the shares serves the purpose of financing possible
acquisitions of companies, parts of companies, participations or any other
assets, or may be used in relation to mergers. A subsequent redemption or a
sale of these shares to third parties for cash is not precluded.
The buyback will be carried out on the stock exchange. All buybacks will be
announced on Drillisch AGs website (www.drillisch.de) at latest seven
trading days after the transaction.
Drillisch Aktiengesellschaft
Board of directors
Contact:
Oliver Keil
Head of Investor Relations
Mail: ir@drillisch.de
DGAP 14.02.2008
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Language: English
Issuer: Drillisch AG
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Deutschland
Phone: +49 (0)6181 412 200
Fax: +49 (0)6181 412 183
E-mail: ir@drillisch.de
Internet: www.drillisch.de
ISIN: DE0005545503
WKN: 554550
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: Drillisch AG to initiate share buyback program
| Source: EQS Group AG