Logwin AG / Key word(s): Share Buyback
28.11.2014 17:29
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Logwin announcement share buyback program
Grevenmacher (Luxembourg) - On November 28, 2014, the Board of Directors of
LOGWIN AG has decided to start with a share buyback program. Up to
5,000,000 shares of the company (approx. 3.4 percent of the share capital)
will be purchased by LOGWIN AG. The acquisition shall be effected via the
stock exchange. The sole purpose of the share buyback will be the
redemption and the reduction of the share capital.
The share buyback program is based on the authorization of the Annual
General Meeting held on April 9, 2014 to allow the company to buy up to
14,625,000 of its own shares for all legally permitted purposes in the
period until September 30, 2015.
The purchase price (excluding related cost of the purchases) shall not
exceed by more than 30 percent the average share price in the final auction
of XETRA trading system of Frankfurter Wertpapierbörse during the preceding
10 trading days. The purchase price shall not be lower than the calculated
nominal value of the LOGWIN AG shares.
The share buyback will start on December 1, 2014 at the earliest, and will
be finished by September 30, 2015 at the latest.
The execution of the share buyback will be done in accordance with
EC-regulation no. 2273/2003 of the Commission of December 22, 2003 (so
called Safe Harbor). The share buyback will be performed by a bank to be
mandated by Logwin.
About Logwin AG
Logwin AG (Grevenmacher, Luxembourg) provides efficient logistics and
transport solutions for its customers from industry and trade. In 2013, the
group generated sales of EUR 1.2bn and currently employs more than 4,300
staff. Logwin operates in all main markets worldwide and has over 200
locations on six continents. With its two business segments Solutions and
Air + Ocean, Logwin AG is one of the leaders in the market.
Logwin AG is listed in the Prime Standard of the Deutsche Börse. The
majority shareholder is DELTON AG, Bad Homburg (Germany).
Contact:
Sebastian Esser
Chief Financial Officer
Phone: +352 719690-1112
sebastian.esser@logwin-logistics.com
Logwin AG | ZIR Potaschberg | 5, an de Laengten | 6776 Grevenmacher |
Luxembourg | www.logwin-logistics.com
28.11.2014 The DGAP 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: Logwin AG
an de Längten 5
L-6776 Grevenmacher
Grand Duchy of Luxembourg
Phone: +352 719 690 0
Fax: +352 719 690 1359
E-mail: ir-info@logwin-logistics.com
Internet: www.logwin-logistics.com
ISIN: LU0106198319
WKN: 931705
Indices: Prime All Share (PXAP), Classic All Share (CLXP), DAXsector
All Transportation & Logistics (4N87), DAXsector
Transportation & Logistics (CXPL), DAXsubsector All Logistics
(4N99), DAXsubsector Logistics (I1LB)
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Logwin AG: Logwin announcement share buyback program
| Source: EQS Group AG