Pulsion Medical Systems SE / Key word(s): Share Buyback
30.03.2012 12:48
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Notification as per §15 German Securities Trading Act (WpHG).
Ad-hoc-announcement by PULSION Medical Systems SE
PULSION resolves public share buy-back offer
Munich, 30 March 2012 - On the basis of the resolution taken by
shareholders at the Annual General Meeting of Pulsion Medical Systems AG on
26 May 2011, on 30 March 2012 the Administrative Board of Pulsion Medical
Systems SE, Munich, ISIN DE0005487904 // WKN 548790 resolved to acquire up
to 200,000 treasury shares of Pulsion Medical Systems SE (corresponding to
approximately 2.25 % of the Company's share capital) in conjunction with
a voluntary public share buy-back offer. In the event of over-subscription,
the Company reserves the right to buy back a higher number of shares.
The offer period begins on Wednesday, 4 April 2012 and ends at 24:00 hours
(CET) on Wednesday, 25 April 2012. During this period, Pulsion shareholders
may offer their shares in Pulsion Medical Systems SE to the Company at a
price (excluding transaction costs) of EUR 6.00 per bearer share.
This offer price represents a premium of approximately 7.53% over the
reference price of EUR 5.58, determined as the arithmetical average of the
XETRA closing rate on the four trading days (26 -29 March 2012) immediately
prior to the offer announcement and a premium of 6,01% over the closing
price of EUR 5.66 on 29 March 2012.
The public offer to buy back shares is intended to give shareholders an
opportunity to sell shares at a time when the low level of liquidity of the
PULSION share in regular stock exchange trading may make a sale difficult.
The Company currently holds 125.534 treasury shares, equivalent to approx.
1.41% of the share capital. On 20 March 2012 the Administrative Board
resolved the withdrawal of 677,302 shares in the way of capital decrease.
The share capital of the Company is decreased to 8.900.000 EUR. If the
share buy-back offer is completed in full, Pulsion Medical Systems SE will
hold further 200,000 treasury shares (subject to an increase in the number
of acquired shares). This would be equivalent to a total of approx. 3.66%
of the Company's share capital.
The share buy-back is being carried out with the intention of withdrawing
the acquired shares from circulation, either in full or in part, or
re-issuing them to service share options awarded or not yet awarded on the
basis of shareholder authorizations at the Annual General Meetings on 27
June 2002 and 22 June 2006.
The Company will publish details of the offer at short notice, in all
likelihood on 4 April 2012, in the Electronic Federal Gazette and on its
website at http://www.pulsion.com.
Baader Bank AG has been instructed to execute the buy-back offer.
Contact:
Investor Relations
PULSION Medical Systems SE
Ralph Schäfer
Director Legal Affairs
Tel.: +49 (0)89 / 459914 211
Fax: +49 (0)89 / 459914 481
E-mail: schaefer@pulsion.com
30.03.2012 DGAP's 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: Pulsion Medical Systems SE
Joseph-Wild-Strasse 20
81829 München
Germany
Phone: +49 (0)89 4599 14-0
Fax: +49 (0)89 4599 14-18
E-mail: info@pulsion.com
Internet: www.pulsion.com
ISIN: DE0005487904
WKN: 548790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Pulsion Medical Systems SE resolves public share buy-back offer
| Source: EQS Group AG