Gildemeister Aktiengesellschaft / Key word(s): Share Buyback
25.08.2011 18:59
Dissemination 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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ad hoc-announcement according to Section 15 WpHG
of
GILDEMEISTER Aktiengesellschaft,
Bielefeld
(ISIN DE0005878003)
GILDEMEISTER resolves upon share buyback
Bielefeld, August 25, 2011 - The Executive Board of GILDEMEISTER AG,
Bielefeld (ISIN DE0005878003) resolved to make use of the authorization to
buy back shares of the company granted by the shareholders at the annual
general meeting on May 14, 2010 in accordance with Section 71 para. 1 no. 8
of the German Stock Corporation Act (Aktiengesetz).
Up to a total of 3,068,581 shares of the company will be repurchased
(corresponding to approximately 5.1% of the company's capital share). The
repurchased shares can be used for all purposes covered by the
authorization of the annual general meeting; in particular, the company is
considering to use the repurchased shares as an acquisition currency.
Shares will be repurchased exclusively through the XETRA trade of Deutsche
Börse AG (Frankfurt Stock Exchange). The share buyback will be conducted in
compliance with the terms of trade detailed in Article 5 of Commission
Regulation (EC) No. 2273/2003 of
December 22, 2003.
The value per share to be paid by the Company (excluding any incidental
costs of purchase) shall not by more than 5% exceed or fall short of the
price for the Company shares as established on the trading date through the
opening auction in the electronic XETRA Trading System (or a functionally
comparable system that replaces it) at the Frankfurt Stock Exchange.
The share buyback will be executed by a credit institute which will decide
on the time of the share's purchase independently and uninfluenced by the
company.
The share buyback will commence from August 26, 2011 and will end on
December 31, 2011 at the latest. The company's Executive Board can decide
to terminate the share buyback early at any time.
GILDEMEISTER Aktiengesellschaft
The Executive Board
Statements relating to the future: This report contains statements relating
to the future, which are based on current evaluations of the management
regarding future developments. Such statements are subject to risks and
uncertainties relating to factors that are beyond GILDEMEISTER's ability to
control or estimate precisely, such as the future market environment and
economic conditions. Such uncertainties may arise for GILDEMEISTER in
particular as a result of the following factors: Changes in general
economic and business conditions (including margin developments in the
major business areas as well as the consequences of recession); the risk
that customers may delay or cancel orders or become insolvent or that
prices will be further depressed due to a constantly unfavourable market
environment than we currently expect; developments in the financial markets
including fluctuations in interest rates and exchange rates, in the price
of raw materials, in borrowing and equity margins as well as the general
financial situation; increasing volatility and further decline in the
capital markets; a worsening of conditions for borrowing and, in
particular, increasing uncertainty arising out of the mortgage, financial
and liquidity crisis, as well as the future economic success of the core
business areas in which we operate; challenges arising of the integration
of major acquisitions and the implementation of joint ventures and the
realisation of anticipated synergy effects and other significant portfolio
measures; the introduction of competitive products or technologies by other
companies; a lack of acceptance of new products and services in customer
target groups of the GILDEMEISTER group; changes in corporate strategy; the
outcome of public investigations and associated legal disputes as well as
other official measures. Should one of these uncertainty factors or other
unforeseeable event occur, or should the assumptions on which these
statements are based prove incorrect, the actual results may differ
materially from the results expressed in, or implied by, these statements.
GILDEMEISTER disclaims any intention or special obligation to update any
forward-looking statements to reflect any change in events or developments
occurring after the reporting period. Forward-looking statements must not
be understood as a guarantee or assurance of future developments or events
contained therein.
25.08.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Gildemeister Aktiengesellschaft
GildemeisterstraÃe 60
33689 Bielefeld
Germany
Phone: +49 (0)5205 74 30-01
Fax: +49 (0)5205 74 30-81
E-mail: info@gildemeister.com
Internet: www.gildemeister.com
ISIN: DE0005878003
WKN: 587800
Indices: MDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Gildemeister Aktiengesellschaft: GILDEMEISTER resolves upon share buyback
| Source: EQS Group AG