SMT Scharf AG / Key word(s): Share Buyback
04.03.2015 14:55
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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Hamm, March 4, 2015 - The Managing Board of SMT Scharf AG (ISIN
DE00005751986 / WKN 575198) has passed a resolution on March 4, 2015, to
utilise the authorisation that was granted at the Ordinary Annual General
Meeting on April 14, 2010, to repurchase the company's own shares pursuant
to Section 71 (1) No. 8 of the German Stock Corporation Act (AktG). The
Managing Board has submitted a voluntary public repurchase offer to
shareholders for up to 150,000 of the company's no par value ordinary
bearer shares, each with a proportionate amount in the share capital of EUR
1.00, including all dividend entitlements. If more than 150,000 shares are
offered for sale by shareholders, shareholders will be taken into
consideration on a proportionate basis.
The shares are to be repurchased at an offer price of EUR 15.00. This
amount corresponds to premium of around 1.33 percent in relation to the
average stock market price at the opening auction of XETRA trading on the
last five stock market trading days (February 25, 2015 to March 3, 2015)
before the passing of the resolution today. The acceptance period runs from
Friday, March 6, 2015 until Thursday, March 26, 2015, inclusive. The offer
document will be published prospectively on March 5, 2015 on the company's
website (www.smtscharf.de) under "Investor Relations / Publications / Share
repurchase", and in the German Federal Gazette (Bundesanzeiger). The
company has mandated WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank,
Ludwig-Erhard-Allee 20, 40227 Düsseldorf, as central settlement agent with
the technical processing of the offer.
SMT Scharf
The Managing Board
Important Note:
This publication is not an offer to sell shares of SMT Scharf AG. The
conditions of the offer and conditions in connection with it are contained
within the offer document. The shareholders of SMT Scharf AG are advised to
carefully read the offer document after the publication, as it contains
important information.
< End of the ad-hoc announcement>
Company profile
SMT Scharf Group develops, manufactures and services transport equipment
for underground mines. The main products are captivated railways that are
used all over the world, primarily in black coal mines, but also in mines
for gold, platinum and other metals. These are needed to transport material
and personnel with payloads of up to 45 tons on gradients of up to 35
degrees. SMT Scharf Group has subsidiaries in six countries and agents
worldwide. SMT Scharf generates most of its revenues in growing
foreign markets such as China, Russia and South Africa. SMT Scharf AG has
been listed in the Prime Standard (Regulated Market) of the Frankfurt Stock
Exchange since April 11, 2007.
Contact
Investor Relations
cometis AG
Henryk Deter / Maximilian Breuer
Tel: +49(0)611 - 205855-22
Fax: +49(0)611 - 205855-66
e-mail: breuer@cometis.de
04.03.2015 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: SMT Scharf AG
Römerstrasse 104
59075 Hamm
Germany
Phone: +49 2381 960-01
Fax: +49 2381 960-230
E-mail: info@smtscharf.com
Internet: www.smtscharf.com
ISIN: DE0005751986
WKN: 575198
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Voluntary public share repurchase offer by SMT Scharf AG
| Source: EQS Group AG