15.03.2016
Sixt SE DE0007231326
DGAP-Adhoc: Sixt SE resolves share buy-back in a total amount of up to EUR 50 million
Sixt SE / Key word(s): Share Buyback
15.03.2016 07:19
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Pullach, 15 March 2016 - The Managing Board of Sixt SE has - with consent
of the Supervisory Board - resolved to buy back own ordinary and preference
shares on the stock exchange for a total maximum purchase price of EUR 50
million (excluding incidental purchase expenses). The shares shall be
bought back for the purpose of reducing the share capital by cancellation
of acquired shares. The share buy-back program shall begin on 16 March 2016
(earliest possible purchase date) and shall end, at the latest, on 31
December 2016 (last possible purchase date).
The allocation of the total volume of repurchased shares between ordinary
and preference shares will depend on the availability of the respective
share classes for trading on the stock exchange. On the basis of the
closing price of the ordinary and preference shares in Xetra-trading on 14
March 2016 and the assumption that the volume of repurchased ordinary and
preference shares will correspond to the average proportion of these
classes of shares traded in Xetra in the previous three months, the
envisaged share buy-back volume of up to EUR 50 million would correspond to
a buy-back of approximately 1.2 million shares, thereof approximately
700,000 ordinary and 500,000 preference shares. This is equivalent to
approximately 2.5 % of the share capital of Sixt SE.
The share buy-back program shall be carried out in accordance with sections
14 para. 2, 20a para. 3 German Securities Trading Act (WpHG) in conjunction
with EU Regulation (EG) No. 2273/2003 (so-called Safe Harbour) respectively
after 3 July 2016 in accordance with the relevant provisions of EU
Regulation (EU) No. 596/2014.
15.03.2016 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: Sixt SE
Zugspitzstraße 1
82049 Pullach
Germany
Phone: +49 (0)89 74444-5104
Fax: +49 (0)89 74444-85104
E-mail: [email protected]
Internet: http://se.sixt.de
ISIN: DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt
Namensaktien, DE000A1E8V89 Sixt-Anleihe 2010/2016,
DE000A1PGPF8 Sixt-Anleihe 2012/2018, DE000A11QGR9
Sixt-Anleihe 2014/2020
WKN: 723132
Indices: SDAX
Listed: Regulated Market in Frankfurt, Munich; Regulated Unofficial
Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart;
Terminbörse EUREX
End of Announcement DGAP News-Service
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Sixt SE ISIN: DE0007231326 können Sie bei EQS abrufen
Logistik/Verkehr , 723132 , SIX2 , XETR:SIX2