euro adhoc: WEB.DE AG
Annual & Special Corporate Meetings
WEB.DE
AG continues stock buy back programme (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
The Executive Board of WEB.DE AG, Karlsruhe, has decided to continue the stock buy back today as approved of by the Annual General Meeting earlier today. Pursuant to the authorisation, WEB.DE can buy back up to 3.8 million shares, or just under 10 percent of the share capital until December 15, 2005.
In this context, the purchase price paid per share must not exceed 10 percent, or fall short 20 percent, of the arithmetic mean of the XETRA closing prices for the preceding four exchange trading days. The respective resolution was passed at WEB.DE AG's Annual General Meeting with the required majority today.
Observing the principle of equal treatment and the subscription right, the shares of the buy back can be offered for purchase to all shareholders, or can be used for acquisitions or investments in other companies. The Executive Board is authorised to reverse split the shares that were bought back.
The Executive Board sees this measure, with the current stock buy back programme, as a contribution towards increasing the shareholder value for all WEB.DE shareholders.
end of announcement euro adhoc 16.06.2004
Further inquiry note:
Richard Berg
Tel. +49(0)721 94329 2700
E-Mail: rb@webde-ag.de
Branche: Software
ISIN: DE0005296503
WKN: 529650
Index: HDAX, Nemax 50, Prime Standard, TecDAX
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade