DGAP-Adhoc: Asian Bamboo AG: Share Buy-Back

 | Source: EQS Group AG EQS Group AG 

Asian Bamboo AG / Share Buyback

21.04.2009 

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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Asian Bamboo AG: Share Buy-Back 

Release of an Ad hoc announcement according to Sec. 15, German Securities
Trading Act (WpHG) / Share Buy-Back.


Hamburg, 21 April, 2009 - The Management Board of Asian Bamboo AG today
resolved to repurchase up to 100,000 ordinary shares of the Company. The
Annual General Meeting as of 21 July 2008 authorized the Company to acquire
ordinary shares  up to 10 percent of the company's current share capital.
The share buy-back will not start before 22 April and the term of the
authorization expires on 31 December 2009.

The purpose of the share buy-back is for Asian Bamboo AG to maintain its
operational and financial scope of action to secure its growth strategy. In
case of a purchase over the stock exchange, the price per share paid by the
Company (excluding incidental costs of acquisition) must be within a range
of 10 per cent higher or lower than the opening price at the Frankfurt
Stock Exchange's Xetra trading system.

Not more than 25 per cent of the average daily turnover of the Asian Bamboo
AG shares will be acquired at the respective stock exchange per day. The
average daily share turnover is calculated on the basis of the average
daily trading volume in the relevant trading segment during the last 20
trading days before the date of purchase. The share buy-back will be
executed by a financial institution, which will act independently and
without influence by Asian Bamboo AG on when to repurchase stock.


For enquiries, please contact: 
Asian Bamboo AG:

Peter Sjovall  +852-9385 3868
Chief Financial Officer

Anja Holst  +49-(0)40 37644 798
Representative - Germany


DGAP 21.04.2009 
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Language:     English
Issuer:       Asian Bamboo AG
              Stadthausbrücke 1-3
              20355 Hamburg
              Deutschland
Phone:        +49 40 37644 798
Fax:          +49 40 37644 500
E-mail:       info@asian-bamboo.de
Internet:     www.asian-bamboo.de
ISIN:         DE000A0M6M79, DE000A0M6M79
WKN:          A0M6M7, A0M6M7
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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