21.04.2016
Basler AG DE0005102008
DGAP-Adhoc: Basler AG: Resolution adopted about buying additional own shares
Basler AG / Key word(s): Share Buyback
21.04.2016 12:37
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Ahrensburg, April 21, 2016 - The Management Board and the Supervisory Board
of Basler AG have decided today to buy back additional own shares. On the
basis of a solid liquidity as well as an effective resolution of the annual
shareholders' meeting of June 4, 2014, the company wants to take advantage
of the currently favorable share price in order to buy back additional
non-par bearer shares via the stock market. The buyback will be carried out
starting on April 25, 2016. In August 2015, the company sold non-par bearer
shares to the capital market and currently holds 7.4 % (258,637 pieces) own
shares.
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.
--------------------------------------------------------------------------
Basler is a leading global manufacturer of digital cameras for industrial
and retail 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. Basler has more than 25 years of experience in vision technologies.
The company employs 500 people at its headquarters in Ahrensburg, Germany,
as well as in international subsidiaries and offices in Europe, Asia, and
the Americas.
Basler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 - 62, 22926 Ahrensburg,
Tel. +49 (0)4102-463100, ir/baslerweb.com, www.baslerweb.com, ISIN DE
0005102008
21.04.2016 The DGAP 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: 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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Basler AG ISIN: DE0005102008 können Sie bei EQS abrufen
Inspektionssysteme , 510200 , BSL , XETR:BSL