DGAP-Adhoc: exceet Group SE: exceet Group SE proposes cancellation of treasury shares and resolves on key points of a management stock option program

exceet Group SE  / Key word(s): Corporate Action/Transaction in Own Shares

14.10.2011 15:43

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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Luxembourg, October 14, 2011 - The board of directors of exceet Group SE
resolved in an extraordinary board meeting today to propose to the
shareholders of the Company the cancellation of a total of 4,651,305 class
A shares held in treasury by the Company and a corresponding decrease of
the registered share capital of the Company by EUR 70,669.83 to EUR
527,960.19, divided into 38,920,021 voting shares of the classes A, B and
C, to be resolved upon in an extraordinary general shareholders' meeting of
the Company to be held on November 21, 2011.  The shares to be cancelled
are class A shares, which had been issued in connection with the business
combination with exceet Group AG on July 26, 2011.  These shares will be
held by the Company in treasury subsequent to a planned exchange against
listed class A shares currently held in treasury, which the Company
repurchased from shareholders of the Company on July 21, 2011 in connection
with the business combination.

In addition, the board of directors resolved upon key points of a
management stock option program, pursuant to which up to 450,000 options
for the acquisition of class A shares can be granted to select current and
future executives of the Company and its affiliated enterprises.  The board
will propose to the general shareholders' meeting to use the 450,000 class
A shares held in treasury by the Company after the cancellation of shares
as described in the preceding paragraph for purposes of the program. 
Details of the management stock option program shall be presented after its
finalization in the extraordinary general shareholders' meeting on November
21, 2011.

ISIN LU0472835155 (Public Shares), Regulated Market, Prime Standard,
Frankfurt/Main
ISIN LU0472839819 (Public Warrants), Regulated Market, General Standard,
Frankfurt/Main



exceet Group SE
114, avenue Gaston Diderich
L-1420 Luxembourg
Fabian Rau, Vice President Investor Relations
E-mail: f.rau@Exceet.ch 
Tel: +41 (0)79 3125998





14.10.2011 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:      exceet Group SE
              Marktplatz 4
              9004 St. Gallen
              Switzerland
Phone:        +352 2600 3181
Fax:          +352 2600 3133
E-mail:       info@exceet.ch
Internet:     www.exceet.ch
ISIN:         LU0472835155, LU0472839819
WKN:          A0YF5P, A1BFHT
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in München
 
End of Announcement                             DGAP News-Service
 
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