EANS-News: Hypoport AG Official notice pursuant to Article 4 (2) of Commission
Regulation (EC) No. 2273/2003
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Buybacks
Berlin 4 May 2012 (euro adhoc) - The Management Board of Hypoport AG decided on
2 May 2012 to repurchase up to 60,000 of the Company's own shares exclusively
through the stock market for a total purchase price of no more than EUR900,000
(excluding purchase-related costs). The purpose of this programme is to provide
treasury shares for employee share ownership schemes and other means of issuing
shares to employees of the Company and the Hypoport Group. The shares will be
repurchased under the authorisation granted by the Annual Shareholders' Meeting
on 4 June 2010 for the Company to purchase its own shares. The Supervisory Board
has approved this share buy-back programme. The repurchase of shares will
commence no sooner than 8 May 2012 and will be completed by no later than 31
December 2012.
The shares will be repurchased in accordance with the 'safe harbour' regulations
specified under section 14 (2) and section 20a (3) of the German Securities
Trading Act (WpHG) in conjunction with the provisions of Commission Regulation
(EC) No. 2273/2003 of 22 December 2003 (hereinafter referred to as 'EU
Regulation'). The share buy-back will be executed on behalf and for the account
of Hypoport AG and will be coordinated by an independent bank. The bank must
purchase the Hypoport shares in accordance with the aforementioned regulations
and must comply with the provisions of the authorisation granted by the Annual
Shareholders' Meeting on 4 June 2010.
The bank's decisions on the timing of the purchase of shares in Hypoport AG in
compliance with the EU Regulation will be made independently of Hypoport AG and
will not be influenced by the latter. Hypoport AG will therefore not exert any
influence over the bank's decisions. The EU Regulation stipulates that, when
determining the shares' purchase price, the bank must not offer more than the
price of the most recent transaction independently executed on the stock
exchange concerned or - if lower - the price of the currently highest
independent offer on the stock exchange concerned. Furthermore, the
authorisation granted by the Annual Shareholders' Meeting on 4 June 2010
stipulates that the purchase price offered by the bank must not be more than 10
per cent above or below the shares' average Xetra closing price on the five
trading days preceding the purchase concerned.
The EU Regulation stipulates that the bank must not on any one day purchase more
than 25 per cent of the average daily volume of Hypoport shares traded on the
stock exchange on which the shares are purchased. The average volume of Hypoport
shares traded corresponds to the average daily volume of shares traded in the
month before the buy-back programme is published. The volume of shares that may
be traded during the buy-back programme has been set at 1,000 shares per day.
The Management Board of Hypoport AG may at any time suspend the share repurchase
programme and - provided that the relevant legal requirements are met - resume
the programme.
As required by the EU Regulation, Hypoport AG will report regularly on the
executed transactions on its website at
www.hypoport.com/investor_relations.html.
Information on Hypoport AG
As an independent financial product distributor that runs a B2B financial
marketplace, Hypoport operates successfully in two mutually reinforcing
segments. It always provides the simplest access to the best financial services.
As a wholly-owned subsidiary of Hypoport, Europace AG develops and operates the
web-based EUROPACE financial marketplace, which is Germany's largest platform
for mortgages, building finance products and personal loans. A fully integrated
system links around 180 partners - banks, insurers and financial product
distributors. Several thousand users execute more than 20.000 transactions worth
a total of more than EUR3 billion on EUROPACE every month.
The Hypoport subsidiary Dr. Klein & Co. AG is an independent online distributor
of financial products. This firm's specialists provide private clients with a
full range of advisory services around mortgage finance, insurance and
investments. Dr. Klein & Co. AG has been a major financial service partner to
housing companies, local authorities and commercial property investors since
1954. Hypoport AG is headquartered in Berlin, employs more than 500 people and
is listed in the Prime Standard of the Frankfurt Stock Exchange.
Further inquiry note:
Michaela Reimann
Press spokesperson
Telefon: +49 (0) 30 42086 1936
Email: michaela.reimann@hypoport.de
end of announcement euro adhoc
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company: Hypoport AG
Klosterstraße 71
D-10179 Berlin
phone: +49(0)30 42086-0
FAX: +49(0)30 42086-1999
mail: ir@hypoport.de
WWW: http://www.hypoport.de
sector: Financial & Business Services
ISIN: DE0005493365
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English