18.11.2015
Wüstenrot & Württembergische AG DE0008051004
DGAP-News: Wüstenrot & Württembergische AG: Shares on the Move
DGAP-News: Wüstenrot & Württembergische AG / Key word(s): Letter of
Intent
Wüstenrot & Württembergische AG: Shares on the Move
18.11.2015 / 15:47
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The Executive Board of Wüstenrot & Württembergische AG (W&W AG) today has
decided to initiate a share buyback program via the stock exchange for the
issue of employee shares pursuant to § 71 paragraph 1 no. 2 of the Stock
Corporation Act (AktG). The share buyback program is subject to the
approval by the Supervisory Board of the W&W AG. In addition, W&W has
decided to apply for Prime Standard listing on the Frankfurt Stock
Exchange.
The amount of the buyback program will be approximately 358,000 shares.
With 93,749,720 shares currently outstanding, that amounts to 0.38 percent
of company share capital. W&W will define and announce further details
regarding the share buyback program at a later date.
Prime Standard listing
W&W AG has also resolved to apply immediately for Prime Standard listing on
the Frankfurt Stock Exchange. Re-listing from the General Standard to the
Prime Standard is a move to highlight the attractiveness of W&W AG shares
(ISIN DE0008051004/WKN 805100), especially for private and institutional
investors. The target is also for W&W AG shares to be SDAX-listed sometime
in 2016, and W&W AG is therefore increasing its investor relations
activities, e.g. capital markets conferences and roadshow activities. Free
float is already approximately 20 percent, and the financial service
provider's shares are traded on the regulated market of the Stuttgart and
Frankfurt stock exchanges. They today meet the General Standard
transparency requirements.
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18.11.2015 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Wüstenrot & Württembergische AG
Gutenbergstrasse 30
70176 Stuttgart
Germany
Phone: 0711-662-721471
E-mail: [email protected]
Internet: www.ww-ag.com
ISIN: DE0008051004
WKN: 805100
Listed: Regulated Market in Frankfurt (General Standard),
Stuttgart; Regulated Unofficial Market in Berlin,
Dusseldorf
End of News DGAP News Service
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