SinnerSchrader continues its share buy-back programme
Hamburg (euro adhoc) -
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
shares/share buy-back programme
1 April 2008
The Management Board and the Supervisory Board of SinnerSchrader AG have decided to continue the share buy-back programme which started in July 2007 and was limited in time to 31 March 2008. The buy-back programme was extended for another three months to 30 June 2008.
The programme continues serving the purposes authorised by the shareholders' meeting, and therefore all of those permissible under section 71 subsection 1 no. 8, German Stock Corporation Act (AktG). Under the terms of this repurchase of treasury stock, the purchase price per share (excluding ancillary purchasing costs) may not be more than 10% above or below the average closing price on the Xetra index on the five trading days prior to the purchase.
The repurchases will be transacted in the period from 2 April 2008 to 30 June 2008, but none will be executed after SinnerSchrader AG's holdings of treasury stock will have reached the 10% threshold of common stock that had been stipulated at the shareholders' meeting. SinnerSchrader will provide information about the volume of the transactions under the programme, indicating the purchase dates, the number of shares and the prices at which the repurchases were made, within seven trading days at the latest, on its website for investors www.wkn514190.de. The company will also report on the buy-back programme within the scope of periodical financial reporting as well as at the next shareholders' meeting.
A bank was instructed to execute the repurchases. The bank was bound to act in accordance with the trading conditions stipulated in Article 5 of Regulation (EC) No. 2273/2003 issued by the Commission on 22 December 2003.
About SinnerSchrader
SinnerSchrader is a leading interactive agency in Germany. SinnerSchrader develops interactive customer experiences which radically intensify the relationship between brands and consumers. SinnerSchrader was founded in 1996, has been listed on the stock exchange since 1999, and has over 150 employees in Hamburg and Frankfurt am Main.
Contact: SinnerSchrader Aktiengesellschaft Thomas Dyckhoff, CFO T. +49. 40. 39 88 55-0 Martin Recke, Corporate Communication T. +49. 40. 39 88 55-181 E-mail: ir@sinnerschrader.de F. +49. 40. 39 88 55-100
end of announcement euro adhoc
Further inquiry note:
Investor Relations
Phone: +49 (40) 398855-150
E-Mail: ir@sinnerschrader.de
Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade