EANS-Adhoc: Basler AG Resolution adopted about buying own shares
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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21.09.2011
Ahrensburg, September 21, 2011. Basler AG will buy back bearer shares with an
equivalent value of up to EUR 1 million via the stock market. The Management
Board of the company together with the Supervisory Board has decided today to
take this action. The buyback will be carried out beginning September 22, 2011.
The shareholders' meeting of May 18, 2010, authorized the company to buy back
own shares amounting to a total of up to 10 % of the share capital of the
corporation existing at the time the resolution was adopted. The authorization
is approved until May 18, 2015. The shares can be used for all purposes
provided for in the authorization of the shareholders' meeting of May 18, 2010.
This includes among others using the shares as consideration related to the
acquisition of companies. Basler AG wants to make use of the currently
favorable share value and have available the package of shares to be acquired
for the above purpose. When acquiring own shares via the stock exchange, the
price paid per share (without considering incidental purchase costs) must not
differ by more than 10 % from the share price of the company for shares with
same conditions as determined on the trading day by the opening auction on the
trading day for XETRA trade on the Frankfurt stock exchange.
The buyback will be carried out through a credit institution that will decide
upon the time of the individual buybacks independently of Basler AG according
to Commission Regulation (EC) No 2273/2003 of December 22, 2003. The applicable
average daily share turnover is calculated based on the average daily trading
volume of the month of August 2011.
Further inquiry note:
Verena Fehling
Investor Relations
Telefon: +49(0)4102 463-100
E-Mail: ir@baslerweb.com
end of announcement euro adhoc
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issuer: Basler AG
An der Strusbek 60-62
D-22926 Ahrensburg
phone: +49 (0) 4102 463 0
FAX: +49 (0) 4102 463 108
mail: info@baslerweb.com
WWW: http://www.baslerweb.com
sector: Semiconductors & active components
ISIN: DE0005102008
indexes: CDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English