Viscom AG / Share Buyback
29.07.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The executive board of Viscom AG today resolved to buy back up to 902,000
of the companys own shares in the period until 31 March 2009. This
corresponds to about 10 % of subscribed capital. Viscom AG is therefore
acting on the authorisation of the annual general meeting on 12 June 2008,
which approved a motion for the company to buy own shares pursuant to
section 71, paragraph 1, number 1 AktG (Stock Corporation Act). According
to that, the company is authorised to buy back up to 10 % of the available
subscribed capital on the day the motion was passed until 11 December 2009.
Currently the company does not hold treasury shares.
Shares are going to be bought back via the stock market. The price Viscom
AG pays for each share with identical features (excluding incidental costs)
may not exceed or fall short of the median of the shares closing price on
the last five days in Xetra trading on Frankfurt Stock Exchange before
committing to the purchase by more than 10 % or 20 % respectively. The
share buy-back is being undertaken to preferably use these own shares
purchased in the course of acquiring companies, company divisions or stakes
in companies.
The share buy-back is being led by NORD/LB, Hanover, which is making its
decision on the time of purchasing Viscom shares independent of and without
any influence by the company. In addition to that, NORD/LB has undertaken
to adhere to article 5 of Commission Regulation (EC) No 2273/2003 of 22
December 2003. This means that on any given day it is inadmissible to
purchase more than 25 % of the average trading volume during the last 20
days of trading before the date of purchase. Transactions will be announced
on the Viscom AG website (www.viscom.com) after they have been executed.
Contact:
Viscom AG
Investor Relations
Simone Huch
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-861
Fax: +49-511-94996-555
simone.huch@viscom.de
DGAP 29.07.2008
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Language: English
Issuer: Viscom AG
Carl-Buderus-Strasse 9-15
30455 Hannover
Deutschland
Phone: +49 (0) 511 94 996 861
Fax: +49 (0) 511 94 996 501
E-mail: simone.huch@viscom.de
Internet: www.viscom.com
ISIN: DE0007846867
WKN: 784686
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Viscom AG launches share buy-back
| Source: EQS Group AG