01.11.2016
Hypoport AG DE0005493365
DGAP-Adhoc: Hypoport AG approves share repurchase programme
Hypoport AG / Key word(s): Share Buyback
01.11.2016 19:06
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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Inside information pursuant to article 17 of the Market Abuse Regulation
(MAR)
Hypoport AG approves share repurchase programme
Berlin, 1 November 2016: The Management Board of Hypoport AG decided today
to repurchase Company's own shares via the stock market. The total value of
the share repurchase is set at EUR5.0 million plus transaction costs. The
maximum price per share has been set to no more than EUR80.00 plus
transaction costs. The share repurchase programme is to be concluded by no
later than 31 March 2017.
This resolution follows the authorisation granted by the Annual
Shareholders' Meeting on 10 June 2016 for the Company to purchase its own
shares. The shares can be used for all of the purposes stated in the
authorisation granted by the Annual Shareholders' Meeting. These include
use of the shares as payment in the context of acquisitions and for
servicing employee share ownership programmes. The Supervisory Board has
approved this share repurchase programme.
The repurchase programme will be carried out in compliance with the
provisions of Articles 5, 14 and 15 of Regulation (EU) No. 596/2014 of the
European Parliament and of the Council dated 16 April 2014 (Market Abuse
Regulation) in conjunction with the provisions of Delegated Regulation (EU)
No. 2016/1052 of the Commission dated 8 March 2016 (Delegated Regulation)
with the exception of the purpose of repurchase. The latter is more broadly
formulated than envisaged in Article 5 (2) of the Market Abuse Regulation.
Further details will be announced before the start of the share buyback via
press release.
About Hypoport AG
The Hypoport Group is a technology-based financial service provider. The
business model is based on its three mutually supporting business units:
Private Clients, Financial Service Providers, and Institutional Clients.
All three units are engaged in the distribution of financial services,
facilitated or supported by finance-technology ('fintech'). As a wholly-
owned subsidiary of Hypoport, Europace AG develops and operates the web-
based EUROPACE financial marketplace, which is Germany's largest platform
for mortgages, building finance products and personal loans. A fully
integrated system links more than 350 partners - banks, insurers and
financial product distributors. Several thousand users execute some 35.000
transactions worth a total of up to EUR4 billion on EUROPACE every month.
The Hypoport subsidiary Dr. Klein & Co. AG is an independent online
distributor of financial products. This firm's specialists provide private
clients with a full range of advisory services around mortgage finance,
insurance and retirement planning. DR. KLEIN Firmenkunden AG has been a
major financial service partner to housing companies and commercial
property investors since 1954. Hypoport AG is headquartered in Berlin,
employs about 800 people and is listed in the Prime Standard of the
Frankfurt Stock Exchange. At the end of 2015 Hypoport was admitted to the
SDAX.
Contact:
Michaela Reimann
Head of Investor Relations & Public Affairs
Hypoport AG
Klosterstraße 71
D-10179 Berlin
Tel.: +49 (0) 30 / 4 20 86 - 1936
E-Mail: [email protected]
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport
01.11.2016 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: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: [email protected]
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate
Exchange
End of Announcement DGAP News-Service
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