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.
03.12.2012 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: HORNBACH-Baumarkt-Aktiengesellschaft
Hornbachstraße
76878 Bornheim bei Landau/Pfalz
Germany
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
