EANS-Adhoc: Derby Cycle AG to start share purchase programme on August 29, 2011
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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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25.08.2011
Cloppenburg, 25. August 2011 - The Management Board of Derby Cycle AG (ISIN
DE000A1H6HN1) has today passed a resolution to start its programme on August 29,
2011 to repurchase up to 70,000 shares. This share repurchase programme was
announced on August 17, 2011 by way of an ad hoc announcement. The repurchase of
the maximum number of shares required this year for the purposes of employee
participation and Executive Board bonuses is to be concluded by September 29,
2011 through the XETRA trading platform.
The share purchase is to be processed in compliance with Section 14 Paragraph 2
of the German Securities Trading Act (WpHG) in combination with EC Directive No.
2273/2003 (so-called "Safe Harbour"). Accordingly, the volume of shares
purchased may not exceed 25% of the average daily trading volume on the
regulated market on which the purchase is performed on the 20 stock exchange
days preceding the purchase deadline (including purchases of treasury shares).
The purchase price may not exceed the last independently realised trade, or (if
this is higher) not exceed the currently highest independent offer on the
exchange on which the purchase occurs. In addition, the purchase price
(excluding ancillary purchase costs) may not diverge by more than 10% from the
shares' price in XETRA trading as calculated by the opening auction on the
relevant trading date. M.M.Warburg & CO Kommanditgesellschaft auf Aktien was
mandated with the independent processing of the programme. The transactions that
occur as part of the repurchase will be published daily on Derby Cycle AG's
website, and will be announced within the legal scope as prescribed by the
German Federal Financial Supervisory Authority (BaFin).
Further information:
ISIN: DE000A1H6HN1
German Security Code Number (WKN): A1H6HN
Exchange: Regulated Market (Prime Standard), Frankfurt
Derby Cycle AG
Siemensstrasse 1-3
49661 Cloppenburg, Germany
< End of ad hoc announcement >
Further inquiry note:
cometis AG
Unter den Eichen 7
65195 Wiesbaden
www.cometis.de
Henryk Deter / Tobias Eberle
Telefon: +49 (0)611-20 58 55-25
E-Mail: eberle@cometis.de
end of announcement euro adhoc
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issuer: Derby Cycle AG
Siemensstr. 1-3
D-49661 Cloppenburg
phone: +49-4471-966-238
FAX: +49-4471-966-44820
mail: u.boegershausen@derby-cycle.de
WWW: http://www.derby-cycle.de
sector: Consumer Goods
ISIN: DE000A1H6HN1
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English