11.01.2016
Wüstenrot & Württembergische AG DE0008051004
DGAP-News: Wüstenrot & Württembergische AG: Announcement in accordance with Art. 4 para. 2 of Regulation (EC) no. 2273/2003 - purchase of own shares
DGAP-News: Wüstenrot & Württembergische AG / Key word(s): Share Buyback
Wüstenrot & Württembergische AG: Announcement in accordance with Art. 4
para. 2 of Regulation (EC) no. 2273/2003 - purchase of own shares
11.01.2016 / 09:05
The issuer is solely responsible for the content of this announcement.
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On 15 December 2015, the Executive Board of Wüstenrot & Württembergische AG
agreed on a resolution to buy back up to 358,000 registered shares of
Wüstenrot & Württembergische AG (ISIN DE0008051004) during the period from
12 January 2016 to 30 March 2016, at the latest, which represents approx.
0.38 % of the share capital for a total purchase price (without extra
acquisition costs) of up to EUR 6,802,000, in accordance with the following
conditions.
The purchase of own shares of Wüstenrot & Württembergische AG shall take
place in accordance with § 71 para. 1 no. 2 of the Companies Act, for the
purpose of being able to offer own shares to persons in an employment
relationship with Wüstenrot & Württembergische AG or one of its affiliated
companies.
The buyback shall take place on behalf and for the account of Wüstenrot &
Württembergische AG by a bank commissioned by Wüstenrot & Württembergische
AG. The right of Wüstenrot & Württembergische AG to end the contractual
relationship with the bank prematurely and to commission another bank
remains unaffected. The bank shall reach a decision regarding the time of
the purchase of shares and the respective share volume independently and
without the influence of Wüstenrot & Württembergische AG. The buyback shall
take place via the stock market and at the best possible price for
Wüstenrot & Württembergische AG. The purchase price of each share (without
extra acquisition costs) may not exceed or fall short by more than 10% of
the arithmetic mean value of the closing price of the shares of Wüstenrot &
Württembergische AG in Xetra trading (or a comparable successor system) on
the Frankfurt Stock Exchange during the last three stock market trading
days prior to the conclusion of the purchase agreement.
The bank is also obligated to take the trading conditions set forth in Art.
5 of Regulation (EC) no. 2273/2003 of the Commission dated 22 December 2003
("EC Regulation 2273/2003") into consideration. Accordingly, the bank may
not pay a purchase price that exceeds the price of the last independent
transaction or (if this is higher) the current, highest independent offer
on the stock exchange on which the purchase is taking place. The bank may
not purchase more than 25 % of the average number of shares traded each day
on the stock exchange on which the purchase is taking place. The average
trading volume is determined using the daily trading volume of the last 20
trading days prior to the purchase. The share buyback can be suspended at
any time and also restarted in accordance with the applicable legal
requirements.
The transactions will be announced in accordance with the requirements of
Article 4 para. 4 EC Regulation 2273/2003 at the end of the seventh trading
day following execution, at the latest.
Stuttgart, 11 January 2016
Wüstenrot & Württembergische AG
The Executive Board
Contact:
Investor Relations
+49 711 662-725252
[email protected]
Communications
+ 49 711 662-721471
[email protected]
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11.01.2016 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: 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 (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf
End of News DGAP News Service
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