Siemens Aktiengesellschaft / Key word(s): Share Buyback
02.08.2012 22:08
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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Based on an authorization given by the Annual Shareholders' Meeting on
January 25, 2011 the Managing Board of Siemens AG has adopted today with
the approval of the Supervisory Board a share repurchase of up to Euro 3
billion to be executed by December, 30 of 2012 at the latest. The buy back
serves the purposes of cancellation and reduction of capital stock,
issuance to employees, board members of affiliated companies and members of
the Managing Board as well as for convertible bonds and warrant bonds. In
addition, the Managing Board has decided the cancellation of approximately
33 million treasury shares which will reduce the capital stock from 914
million to 881 million.
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Information and Explaination of the Issuer to this News:
This document contains statements related to our future business and
financial performance and future events or developments involving Siemens
that may constitute forward-looking statements. These statements may be
identified by words such as 'expects,' 'looks forward to,' 'anticipates,'
'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' 'will,' 'project' or
words of similar meaning. We may also make forward-looking statements in
other reports, in presentations, in material delivered to stockholders and
in press releases. In addition, our representatives may from time to time
make oral forward-looking statements. Such statements are based on the
current expectations and certain assumptions of Siemens' management, and
are, therefore, subject to certain risks and uncertainties. A variety of
factors, many of which are beyond Siemens' control, affect Siemens'
operations, performance, business strategy and results and could cause the
actual results, performance or achievements of Siemens to be materially
different from any future results, performance or achievements that may be
expressed or implied by such forward-looking statements or anticipated on
the basis of historical trends. These factors include in particular, but
are not limited to, the matters described in Item 3: Risk factors of our
most recent annual report on Form 20-F filed with the SEC, in the chapter
'Risks' of our most recent annual report prepared in accordance with the
German Commercial Code, and in the chapter 'Report on risks and
opportunities' of our most recent interim report.
Further information about risks and uncertainties affecting Siemens is
included throughout our most recent annual, and interim reports as well as
our most recent earnings release, which are available on the Siemens
website, www.siemens.com, and throughout our most recent annual report on
Form 20-F and in our other filings with the SEC, which are available on the
Siemens website, www.siemens.com, and on the SEC's website, www.sec.gov.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results, performance or
achievements of Siemens may vary materially from those described in the
relevant forward-looking statement as being expected, anticipated,
intended, planned, believed, sought, estimated or projected. Siemens
neither intends, nor assumes any obligation, to update or revise these
forward-looking statements in light of developments which differ from those
anticipated.
Due to rounding, numbers presented throughout this and other documents may
not add up precisely to the totals provided and percentages may not
precisely reflect the absolute figures.
Siemens Investor Relations
Tel.: +49 89 636 32474
Fax: +49 89 636 32830
Mail: investorrelations@siemens.com
02.08.2012 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: Siemens Aktiengesellschaft
Wittelsbacherplatz 2
80333 Berlin und München
Germany
Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-52000
E-mail: investorrelations@siemens.com
Internet: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; London, NYSE, SIX
End of Announcement DGAP News-Service
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DGAP-Adhoc: Siemens Aktiengesellschaft: Siemens AG to Buy Back Shares and Cancel Treasury Shares
| Source: EQS Group AG