30.06.2014
Basler AG DE0005102008
DGAP-Adhoc: Basler AG: Resolution adopted about buying additional own shares
Basler AG / Key word(s): Share Buyback
30.06.2014 15:10
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.
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Adhoc announcement according to §15 WpHG
Share buyback
Basler AG: Resolution adopted about buying additional own shares
Ahrensburg, June 30, 2014. Basler AG will buy back additional bearer shares
with an equivalent value of a maximum of EUR 3.5 million via the stock
market. After having carried out four share buyback programs, the
Management Board of the company together with the Supervisory Board have
decided today to carry out the additional buyback to make full use of the
resolution of the general meeting of June 4, 2014, authorizing the company
to buy back up to a total of 10 % of own shares. The buyback will be
carried out starting on June 30, 2014.
The general meeting of June 04, 2014, 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 valid until June 03, 2019. The shares can be used for all
purposes provided for in the authorization of the general meeting of June
04, 2014. 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 for
XETRA trade on the Frankfurt/Main 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 credit institution is obliged to adhere to the trading conditions set
out in article 5 of the Commission Regulation (EC) No 2273/2003. In
particular, a maximum of 25 % will be bought of the average daily volume of
shares traded on the stock exchange where the buyback is carried out. The
average daily volume figure is based on the average daily volume traded in
the 20 days preceding the date of purchase.
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Basler is a leading global manufacturer of digital cameras for industrial
and video surveillance applications, medical devices, and traffic systems.
Product designs are driven by industry requirements and offer easy
integration, compact size, excellent image quality, and a very strong
price/performance ratio. Founded in 1988, Basler has more than 25 years of
experience in vision technologies. The company employs over 400 people at
its headquarters in Ahrensburg, Germany, as well as in international
subsidiaries and offices in the U.S., Singapore, Taiwan, China, Japan, and
Korea.
Basler AG, Hardy Mehl (CFO), An der Strusbek 60 - 62, D-22926 Ahrensburg,
Tel. +49 - 4102- 463 100, ir/baslerweb.com, www.baslerweb.com, ISIN DE
0005102008
30.06.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Basler AG
An der Strusbek 60-62
22926 Ahrensburg
Germany
Phone: 04102-463 0
Fax: 04102-463 109
E-mail: [email protected]
Internet: www.baslerweb.com
ISIN: DE0005102008
WKN: 510200
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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