HORNBACH-Baumarkt-Aktiengesellschaft / Key word(s): Share Buyback
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Board of Management of HORNBACH-Baumarkt-AG resolves share buyback to
facilitate issue of shares to employees
Bornheim, July 7, 2014. The Board of Management of Hornbach-Baumarkt-AG,
based in Bornheim/Pfalz, ISIN DE0006084403, today resolved to acquire up to
50,000 own shares pursuant to Section 71 (1) No. 2 of the German Stock
Corporation Act (AktG). The shares are to be acquired already in
preparation for the annual issue of shares to employees scheduled to take
place at the end of 2014.
The buyback of shares on the basis of this management board resolution is
to be undertaken in accordance with the safe harbor regulations set out in
Section 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.
The buyback of shares will begin on July 10, 2014 and will run for a
limited period expiring at the end of the 2014/2015 fiscal year (balance
sheet date on February 28, 2015). The purchase price to be paid by the
company per share (excluding acquisition expenses) may not exceed or fall
short of the stock market price by more than 10%. The stock market price
shall be taken in this respect to be the average of the closing prices in
Xetra trading at the Frankfurt Stock Exchange on the five stock market
trading days immediately preceding the respective acquisition. Moreover,
the shares will not be acquired at a price in excess of that determined
pursuant to Article 5 (1) of Regulation (EC) No. 2273/2003 of the European
Commission dated 22 December 2003.
Further information concerning the buyback of shares can be found at the
07.07.2014 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
76878 Bornheim bei Landau/Pfalz
Phone: +49 (0)6348 / 60 00
Fax: +49 (0)6348 / 60 40 00
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service