EANS-News: SinnerSchrader AG SinnerSchrader re-initiates its share repurchase
programme
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Buybacks
Hamburg, 16 September 2011 (euro adhoc) - The Management Board and the
Supervisory Board of SinnerSchrader AG have decided to re-initiate
SinnerSchrader´s share repurchase programme. The last repurchase transaction on
behalf of SinnerSchrader AG was executed on 31 August 2010.
On the basis of the authorisation granted by the Annual General Meeting of
16 December 2009, SinnerSchrader AG will start buy backs on the market today.
The programme is initially limited in time until 28 February 2012. The
repurchases will, however, be stopped as soon as SinnerSchrader AG´s holdings
of treasury stock reach 10 per cent of common stock.
The programme serves the purposes authorised by the Annual General Meeting and
therefore all of the purposes permissible under Article 71 para. 1 No. 8 of the
German Stock Corporation Act ("Aktiengesetz"). Under the terms of this
repurchase of treasury stock, the purchase price per share (excluding ancillary
purchasing costs) may not be more than 10 per cent above or below the average
closing price on the Xetra market on the five trading days prior to the
purchase.
A bank has been 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.
SinnerSchrader will provide information about the scope of the repurchases that
were transacted, 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 under "The Share". The
company will also report on the repurchase programme and its treasury stock
within the scope of periodical financial reporting as well as at the next
Annual General Meeting. Currently, SinnerSchrader holds 273.751 shares of
Treasury stock.
About SinnerSchrader
SinnerSchrader is one of the leading digital agencies in Germany.
SinnerSchrader develops interactive strategies, platforms, and applications
which create radical relationships between consumers and brands. The
SinnerSchrader Group has about 400 employees in Hamburg and Frankfurt am Main,
Berlin and Hanover who work for customers such as Allianz, TUI, Tchibo, simyo,
REWE, comdirect bank, the Gucci Group, OTTO, and Steigenberger. SinnerSchrader
was founded in 1996 and has been quoted on the stock exchange since 1999.
Ansprechpartner:
SinnerSchrader Aktiengesellschaft
Thomas Dyckhoff, Finanzvorstand
T. +49. 40. 39 88 55-0
Benjamin Nickel, Leiter Unternehmenskommunikation
T. +49. 40. 39 88 55-542
E-Mail: ir@sinnerschrader.de
F. +49. 40. 39 88 55-100
Further inquiry note:
Thomas Dyckhoff
CFO
Telefon: +49(0)40 398855-113
E-Mail: t.dyckhoff@sinnerschrader.de
end of announcement euro adhoc
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company: SinnerSchrader AG
Völckersstraße 38
D-22765 Hamburg
phone: +49(0)40-398855-0
FAX: +49(0)40-398855-55
mail: info@sinnerschrader.de
WWW: http://www.sinner-schrader.de
sector: Software
ISIN: DE0005141907
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English