EANS-Adhoc: Basler AG Resolution adopted about buying additional 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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15.03.2012
Ahrensburg, March 15, 2012. Basler AG will buy back additional 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 starting on March
16, 2012, extending the share buyback program started on September 22, 2011.
The general 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 general 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 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 relevant
average daily turnover of shares is calculated on the basis of the average
daily trading volume during the month of February of 2012.
Further inquiry note:
Verena Fehling
Investor Relations
Telefon: +49(0)4102 463-101
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: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English