DGAP-News: Senvion S.A. / Key word(s): Share Buyback Senvion S.A.: Repurchase of Shares commences 25.08.2016 / 12:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Disclosure pursuant to Art. 2 Para. 1 Delegated Regulation (EU) 2016/1052 Repurchase of Shares commences Luxembourg, 25 August 2016: With ad-hoc notification pursuant to Art. 17 MAR on 15 August 2016 Senvion S.A., Luxembourg, ("Company"), ISIN LU1377527517, announced to launch a share buy-back program to repurchase up to 6,500,000 shares of the Company with a maximum total purchase price (excluding transaction ancillary costs) being limited to EUR75 mn. The buy- back is based on the authorization of the resolution of the shareholders' general meeting of 21 March 2016 granted for a term of five (5) years to repurchase or redeem shares of the Company in the aggregate nominal amount not exceed twenty-five per cent (25 %) of the aggregate nominal amount of the issued share capital of the Company. The share buy-back for a maximum total purchase price of up to EUR75 mn. (excluding transaction ancillary costs) shall be carried out in several tranches. The shares to be repurchased can be used for all purposes permitted according to the applicable regulations of Luxembourg Law. The Company commissioned a credit institution to carry out the share buy- back, making its decisions regarding the timing of acquisitions of shares independently and without influence by the Company according to Art. 4 Para. 2 b) Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. The right of the Company to terminate the mandate of the credit institution early and/or to transfer the mandate to another credit institution shall remain unaffected. The share buy-back will be carried out exclusively via XETRA trading on the Frankfurt Stock Exchange observing the safe harbour regulations set out in Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and Council dated 16 April 2014 in conjunction with the Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016, with exception of Art. 5 Para. 2 and 3 Regulation (EU) No. 596/2014 of the European Parliament and Council dated 16 April 2014 respectively of Art. 2 Para. 1 lit. a) and Para. 2 Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. The credit institution has been committed to comply with the requirements for the purchase price per share of the authorization of the shareholders' general meeting held on 21 March 2016 and in particular the conditions for trading as per Art. 3 of Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. Pursuant to the authorization of the shareholders' general meeting the purchase price (excluding transaction ancillary costs) must not exceed EUR 35.00 and not fall below EUR 10.00. Furthermore, the purchase price in particular must not exceed the stock- exchange-price of the last independent trade executed in XETRA trading at the Frankfurt Stock Exchange or, if higher, the highest independent purchase bid in XETRA trading at the Frankfurt Stock Exchange. In respect of the volume of shares to be repurchased per day it will not be permitted to repurchase more than 25% of the average daily trading volume in XETRA trading at the Frankfurt Stock Exchange, whereby the average daily trading volume is determined with reference to the average daily trading volumes on the 20 trading days preceding the respective acquisition. To the extent required and legally permissible, the buy-back program may be suspended and resumed at any time. The transactions will be disclosed in accordance with Art. 2 Para. 3 Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. In addition, Senvion S.A. will weekly provide regular updates on the progress of the share buy-back at www.senvion.com under sub-category "Investors". The Management Board Senvion S.A. Luxembourg ISIN: LU1377527517 Securities Code No.: A2AFKW Investor Relations contact: Press contact: Dhaval Vakil Verena Puth phone: +44 20 7034 7992 phone: +49 40 5555 090 3051 mobile: +44 7788 390 185 mobile: +49 174 30 54 576 email: dhaval.vakil@senvion.com email: verena.puth@senvion.com --------------------------------------------------------------------------- 25.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Senvion S.A. 25C, boulevard Royal 2449 Luxembourg Grand Duchy of Luxembourg Phone: +49 40 5555 090 3517 Fax: +49 40 5555 090 3911 E-mail: press@senvion.com Internet: www.senvion.com ISIN: LU1377527517 WKN: A2AFKW Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxemburg End of News DGAP News Service --------------------------------------------------------------------------- 495871 25.08.2016
DGAP-News: Senvion S.A.: Repurchase of Shares commences
| Source: EQS Group AG