02.03.2017
Elmos Semiconductor AG DE0005677108
DGAP-Adhoc: Elmos Semiconductor AG decides stock repurchase program of own shares via the stock exchange
DGAP-Ad-hoc: Elmos Semiconductor AG / Key word(s): Share Buyback
Elmos Semiconductor AG decides stock repurchase program of own shares via
the stock exchange
02-March-2017 / 17:15 CET/CEST
Disclosure of an inside information acc. 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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Public disclosure of insider information according to article 17 MAR
Today, the Management Board of Elmos Semiconductor AG (FSE: ELG), Dortmund,
Germany, decided, with the Supervisory Board's consent, the execution of a
stock repurchase program of own shares via the stock exchange.
According to the resolutions, the purchase price for the acquisition of the
company's shares may altogether not exceed 10,000,000 Euro (excluding
transaction costs). Up to 450,000 own shares (ISIN DE0005677108) (equal to
roughly 2,24 % of the current share capital of Elmos Semiconductor AG) are
intended to be bought back. The buyback is scheduled to be started in a
timely manner and to be completed by December 31, 2017. The shares to be
acquired may be used for any of the purposes stated in the authorization to
purchase and utilize treasury shares given by the General Meeting of May 8,
2015. This also includes the service of outstanding stock options programs,
in order to avoid further dilution of existing shareholders.
The Management Board may suspend the stock repurchase program at any time
and resume it within the above-mentioned period in compliance with
applicable laws.
Contact:
Elmos Semiconductor AG
Thalea Willms, Head of Investor Relations, Fon: +49 231‐7549‐273
Mathias Kukla, Press Relations, Fon: +49 231‐7549‐199
Email: [email protected]
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02-March-2017 CET/CEST 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: Elmos Semiconductor AG
Heinrich-Hertz-Str. 1
44227 Dortmund
Germany
Phone: +49 (0)231 7549-575
Fax: +49 (0)231 7549-111
E-mail: [email protected]
Internet: http://www.elmos.com
ISIN: DE0005677108
WKN: 567710
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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549905 02-March-2017 CET/CEST
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Halbleiter , 567710 , ELG , XETR:ELG