DGAP-News: Senvion S.A.: Repurchase of Shares commences


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.

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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


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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.

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Archive at www.dgap.de

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   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  
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495871 25.08.2016