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Elmos Semiconductor SE
Transaction in Own Shares • Dec 7, 2018
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Transaction in Own Shares
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News Details
Ad-hoc | 7 December 2018 19:02
Elmos Semiconductor AG decides stock repurchase program of own shares via the stock exchange
Elmos Semiconductor AG / Key word(s): Share Buyback
Elmos Semiconductor AG decides stock repurchase program of own shares via the stock exchange
07-Dec-2018 / 19:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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 21,108,689 Euro (excluding transaction costs). The price per share is not allowed to exceed 21.00 Euro (excluding transaction costs). Up to 1,005,176 own shares (ISIN DE0005677108) (equal to approx. 5.0 % of the current share capital of Elmos Semiconductor AG) are intended to be bought back. The shares to be acquired may be used for any of the purposes stated in the authorization to purchase and utilize own shares given by the General Meeting of May 16, 2018.
The buyback is scheduled to be started in a timely manner and ends on December 31, 2019 at the latest. The stock repurchase program may be suspended and resumed at any time within the above-mentioned period as well as terminated earlier by the Management Board in compliance with applicable laws.
About Elmos
Elmos develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient.
Contact
Elmos Semiconductor AG
Thalea Blunk, Head of Investor Relations, Fon: +49231‐7549‐273
Mathias Kukla, Press Relations, Fon: +49231‐7549‐199
Email: [email protected]
07-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Elmos Semiconductor AG |
| Heinrich-Hertz-Str. 1 | |
| 44227 Dortmund | |
| Germany | |
| Phone: | +49 (0)231 7549-510 |
| 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 |