XING AG / Share Buyback
10.11.2008
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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Based on the authorization of the Annual General Meeting of May 21, 2008
the Management Board of XING AG (German Securities ID XNG888/ ISIN
DE000XNG888) has resolved today to buy back shares with a value of up to
EUR 4 million, via the stock exchange. The buyback shall be conducted from
November 11, 2008 on and is to be ended on April 30, 2009 at the latest.
The shares that are bought back may be used for any purpose set forth in
the authorization resolution of the Annual General Meeting of May 21, 2008.
The purchase price per share paid by the company (excluding transaction
ancillary costs) may not be more than 10% over or under the price
determined on the trading day by the opening auction in the Xetra trading
system (or a comparable successor system) on the Frankfurt Stock Exchange.
The buyback will be carried out by a bank commissioned by the company and
in accordance with the conditions for trading of the Commission Regulation
(EC) No. 2273/2003 of December 22, 2003.
XING AG
The Management Board
Investor Relations Contact XING:
Patrick Möller
Director Investor Relations
Gänsemarkt 43
20354 Hamburg
Tel. +49 40 419131-793
Fax +49 40 419131-11
Investor-relations@xing.com
DGAP 10.11.2008
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Language: English
Issuer: XING AG
Gänsemarkt 43
20354 Hamburg
Deutschland
Phone: +49 (0)40 419 131-10
Fax: +49 (0)40 419 131-11
E-mail: investor-relations@xing.com
Internet: www.xing.com
ISIN: DE000XNG8888
WKN: XNG888
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: XING AG decides to conduct share buyback
| Source: EQS Group AG