ESSANELLE HAIR GROUP AG / Share Buyback
01.09.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Essanelle Hair Group starts stock repurchase
Düsseldorf, 1 September 2008 - On 1 September 2008, the Management Board of
Essanelle Hair Group AG decided to repurchase further up to 100,000
outstanding shares via the stock exchange. At present, the company holds
60,000 own shares. The repurchase is based on the authorisation granted by
the Annual General Meeting of 17 June 2008. The stock repurchase will start
on 2nd September and is limited until 31 December 2008.
As decided by the Annual General Meeting, the stock repurchase will be made
primarily for potential acquisitions. The price paid by the company must
not be more than 10% higher or lower than the average share price quoted at
the Frankfurt am Main Stock Exchange on the past 20 consecutive trading
days.
The repurchase will be made in accordance with Directive (EC) No. 2273/2003
of the Commission dated 22 December 2003. Information on the ongoing
repurchase programme will regularly be published on the website of
ESSANELLE HAIR GROUP AG.
DGAP 01.09.2008
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Language: English
Issuer: ESSANELLE HAIR GROUP AG
Niederkasseler Lohweg 20
40547 Düsseldorf
Deutschland
Phone: +49 (0)211 3 01 26-0
Fax: +49 (0)211 3 01 26-172
E-mail: investor@essanelle-hair-group.com
Internet: www.essanelle.deISIN: DE0006610314
WKN: 661031
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Essanelle Hair Group starts stock repurchase
| Source: EQS Group AG