08.11.2016
HolidayCheck Group AG DE0005495329
DGAP-Adhoc: HolidayCheck Group AG adopts share buy-back resolution
HolidayCheck Group AG / Key word(s): Share Buyback
08.11.2016 08:56
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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HolidayCheck Group AG adopts share buy-back resolution
Munich, Germany, 8 November 2016 - Following approval by the Supervisory
Board, the Management Board of HolidayCheck Group AG has today decided to
make use of the share buy-back authorisation granted by the annual general
meeting on 16 June 2015 in accordance with section 71 paragraph 1 number 8
of the German Stock Corporation Act (Aktiengesetz, AktG). Over the period
from 18 November 2016 to 15 June 2020 the company will acquire up to
1,500,000 of its own shares subject to an overall price limit of EUR
7,500,000. The shares will be acquired through the stock exchange. The
intention is to offer the repurchased shares to members of the Management
Board and employees of the company and its affiliated entities as part of
an employee stock option plan.
The share buy-back will be carried out by a bank and will comply with the
Market Abuse Regulation and with Articles 2 to 4 of Commission Delegated
Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No
596/2014 of the European Parliament and of the Council with regard to
regulatory technical standards for the conditions applicable to buy-back
programmes and stabilisation measures. The bank will decide independently
when to repurchase the shares and on each occasion how many shares to
acquire. The company will have no influence over these decisions.
The price paid per share (excluding ancillary purchase costs) may not be
more than 10 percent higher or 10 percent lower than the average closing
price over the last three trading days on the Frankfurt Stock Exchange
(Frankfurter Wertpapierbörse, FWB) preceding the purchase. The buy-back
programme may be suspended and subsequently continued at any time as
required and legally admissible.
All transactions will be announced in a form that meets the requirements of
Article 5 paragraph 3 of Regulation (EU) no. 596/2014 in conjunction with
Article 2 paragraphs 2 and 3 of Commission Delegated Regulation (EU)
2016/1052 no later than the end of the seventh trading day after execution.
Details of the transactions will also be published on the company's website
at https://www.holidaycheckgroup.com/investor-relations/.
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Information and Explanation of the Issuer to this News:
About HolidayCheck Group AG:
HolidayCheck Group AG (ISIN DE005495329), Munich, Germany, is one of
Europe's leading digital travel firms for holidaymakers. With a total
workforce of around 400, HolidayCheck Group AG comprises HolidayCheck AG
(which operates hotel review and travel booking portals by the same name,
and the car rental portal MietwagenCheck) and WebAssets B.V. (which
operates the Zoover hotel review portals and the MeteoVista/WeerOnline
weather portals). HolidayCheck Group's vision is to become the world's most
holidaymaker-friendly company in the world.
Media and Investor Relations contact at HolidayCheck Group AG
HolidayCheck Group AG
Armin Blohmann
Neumarkter Strasse 61
81673 München
Germany
phone: +49 (0)89 9250 1256
fax: +49 (0)89 9250 2403
email: [email protected]
www.holidaycheckgroup.com
http://twitter.com/HolidayCheckGrp
http://facebook.de/HolidayCheckGroup
08.11.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: HolidayCheck Group AG
Neumarkter Str. 61
81673 München
Germany
Phone: +49 (0)89 9250-1256
Fax: +49 (0)89 9250-2403
E-mail: [email protected]
Internet: www.holidaycheckgroup.com
ISIN: DE0005495329
WKN: 549532
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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