03-12-2012 03:46 PM
News Detail – Hornbach Baumarkt AG

HORNBACH-Baumarkt-Aktiengesellschaft: Employee share program buyback schedule extended

HORNBACH-Baumarkt-Aktiengesellschaft / Key word(s): Share Buyback
03.12.2012 16:46

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

Employee share program buyback schedule extended

Bornheim, December 03, 2012. The deadline for the buyback of shares at HORNBACH-Baumarkt-AG in connection with the issue of employee shares in 2012 pursuant to § 71 (1) No. 2 of the German Stock Corporation Act (AktG) is to be extended by two months to the end of the 2012/2013 financial year (balance sheet date: February 28, 2013). The relevant resolution was adopted today by the company’s Board of Management. This step is necessitated by a year-on-year reduction in daily trading volumes in company shares.

The volume of shares thereby bought back per day may not exceed 25% of the respective average daily turnover in Xetra trading or in Xetra Frankfurt Specialist trading on the Frankfurt Stock Exchange. The average daily turnover in the respective trading segment is determined on the basis of average daily trading volumes on the 20 stock market trading days preceding the respective purchase of shares.

As explained in the ad-hoc announcement dated August 13, 2012, the share buyback program is being executed in accordance with the safe harbor regulations set out in § 20a (3) of the German Securities Trading Act (WpHG) in conjunction with Regulation (EC) No. 2273/2003 of the European Commission dated December 22, 2003.

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Language:     English
Company: HORNBACH-Baumarkt-Aktiengesellschaft               Hornbachstraße
              76878 Bornheim bei Landau/Pfalz
Phone:        +49 (0)6348 / 60 00
Fax:          +49 (0)6348 / 60 40 00
E-mail:       info@hornbach.de
Internet:     www.hornbach.de
ISIN:         DE0006084403
WKN:          608440
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
End of Announcement DGAP News-Service