31.03.2016
Deutsche Post AG DE0005552004
DGAP-News: Deutsche Post AG: FORM NOTIFICATION OF SHARE REPURCHASE PROGRAMME
DGAP-News: Deutsche Post AG / Key word(s): Share Buyback
Deutsche Post AG: FORM NOTIFICATION OF SHARE REPURCHASE PROGRAMME
31.03.2016 / 19:11
The issuer is solely responsible for the content of this announcement.
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FORM NOTIFICATION OF SHARE REPURCHASE PROGRAMME
Deutsche Post AG, Bonn, Deutschland
WKN: 555200
ISIN: DE0005552004
Announcement pursuant to article 4 para 2 of Regulation (EC) No 2273/2003
(as amended or replaced from time to time)
On March 1st, 2016 the Company's Management Board, has resolved to
undertake a programme of share buybacks in a maximum amount of 60 million
shares of Deutsche Post AG for a maximum total purchase price (excluding
incidental expenses) of EUR 1bn (Buyback Programme). The purchased shares
will either be cancelled, used to service long term management incentive
programmes or to meet possible obligations under the convertible bond 2012
/ 2019. The programme will be conducted via stock exchanges and start on
April 1st , 2016 and is restricted to a duration of one year.
The Buyback Programme is based on the authorization of the Annual General
Meeting of May 27th, 2014, valid until May 26th, 2019 to launch a share
buyback programme for shares in the amount of up to 10% of the Company's
share capital existing at the date the resolution on the share buy back is
adopted. The purchase price (excluding incidental transaction costs) may
not exceed the average share price prior to the effective date of the
transaction by more than 10%, and may not be fixed more than 20% below it.
The average share price is the non-volume-weighted average of the closing
prices of the Company's shares in Xetra trading (or a comparable successor
system) on the Frankfurt Stock Exchange on the last ten trading days. The
effective date is the date of the purchase.
A first tranche with a maximum total purchase price (excluding incidental
expenses) of EUR 100m, representing 0.34 % of the share capital of the
Company, will be carried out in the period between April 1st, 2016 and
maximum May 10th, 2016 on the basis of an irrevocable, non-discretionary
arrangement by an independent financial service provider. The financial
service provider is obliged to carry out the purchase in accordance with
Art. 4 to 6 of the Regulation (EC) No 2273/2003 of the Commission of
December 22, 2003 and Section 14 para. 2, Section 20a para. 3 of the German
Securities Trading Act (WpHG), as amended or replaced from time to time,
and in accordance with the authorization of the Annual General Meeting
mentioned above.
Moreover, the Buyback Programme will be carried out as follows:
1. The shares are purchased at market price in accordance with
the price and volume conditions set out in Article 5 of the
Regulation (EC) No 2273/2003 of the Commission of December
22, 2003. In particular, with respect to price, it will not
buy shares at a higher price than the highest price of the
last independent trade and the highest current independent
bid in the trading venues where the purchase is made.
2. With regard to trading volume, the Company will not
purchase more than 25% of the average daily volume of its
shares in the regulated market in which the purchase takes
place; a limit that will apply to the entire buyback
program. The daily average volume will be based on the
average daily trading volume in the month before disclosure
of this share buy back programme
Contact:
Martin Ziegenbalg
EVP Investor Relations
Tel. +49 (0) 228 63000
This announcement does not constitute, or form part of, an offer or any
solicitation of an offer for securities in any jurisdiction.
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31.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP 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: Deutsche Post AG
Charles-de-Gaulle-Straße 20
53113 Bonn
Germany
Phone: +49 (0)228 182 - 63 100
Fax: +49 (0)228 182 - 63 199
E-mail: [email protected]
Internet: www.dpdhl.com
ISIN: DE0005552004
WKN: 555200
Indices: DAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart;
Terminbörse EUREX
End of News DGAP News Service
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450401 31.03.2016
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