CECONOMY AG

Transaction in Own Shares • Oct 25, 2018

News Details

Other Capital Market Information | 25 October 2018 11:12

Share buyback

CECONOMY AG / Release of capital market information

25.10.2018 / 11:12
Dissemination of a Post-admission Duties announcement transmitted by DGAP -
a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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CECONOMY AG

Share buyback - Notification pursuant to art. 5 para. 1 lit. a of the
Regulation (EU) No 596/2014 ('MAR') and art. 2 para. 1 of the Delegated
Regulation (EU) 2016/1052 ('Delegated Regulation')

Düsseldorf, 25 October 2018

The Management Board of CECONOMY AG, Düsseldorf, (the 'Company') has
resolved the buyback of ordinary bearer shares over the stock exchange as
treasury shares by the Company in a value of up to EUR 90,000.00 (excluding
costs of the acquisition). The buyback will be executed in three share
buyback programs within c. two years (the 'Framework Program').

The first share buyback program was executed earlier this month. The second
buyback program (the 'Second Share Buyback Program') will be executed
between 25 October 2018 (first possible day of purchase) and 5 November
2018 (last possible day of purchase). The buyback within the Second Share
Buyback Program shall be limited to a maximum of 2,924 ordinary shares of
the Company. This corresponds to c. 0.0008 percent of the Company's
registered share capital and of the share capital issued as ordinary
shares. The maximum amount of money that may be incurred for the Second
Share Buyback Program shall be EUR 35,000.00. The shares shall be solely
acquired in the XETRA trading system of Frankfurt Stock Exchange.

The maximum number of shares that shall be bought back with the Framework
Program is determined by the closing price of the Company's ordinary shares
in the XETRA trading system on three reference dates. On the basis of the
closing price of the Company's ordinary shares in the XETRA trading system
on 29 December 2017 (second reference date), the intended buyback volume
corresponded to a buyback of a total of 9.183 ordinary shares of the
Company. This corresponds to c. 0.0026 percent of the Company's registered
share capital and of the share capital issued as ordinary shares.

The sole purpose of the buyback is the performance of the Company's
obligations to allot shares to the Company's employees within the meaning
of art. 5 para. 2 lit. c MAR. The respective obligations result from a one-
time commitment by the Company towards the employees of the Company to
allot the shares in order to incentivize the employees.

The buyback shall be executed on the basis of section 71 para. 1 no. 2
Stock Corporation Act (AktG) for the purpose of offering treasury shares to
persons who are in an employment relationship with the Company.

The buyback will be managed by a credit institution who will decide on the
timing of the purchase of shares independently and without being influenced
by the Company. The credit institution so instructed is obligated to the
Company to comply with the trading conditions pursuant to art. 3 of the
Delegated Regulation.

Information regarding the transactions relating to the buyback program will
be notified pursuant to art. 2 para. 2 and 3 of the Delegated Regulation by
the end of the seventh trading day following the execution of such
transactions. Moreover, pursuant to art. 2 para. 3 of the Delegated
Regulation, the Company will publish the notified transactions on its
website https://www.ceconomy.de under 'Investor Relations' in the segment
'Legal Announcements' and will ensure that the information remains publicly
available for at least five years following the day of notification.

CECONOMY AG
The Management Board

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25.10.2018 The DGAP Distribution Services include Regulatory Announcements,
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 Language:    English
 Company:     CECONOMY AG
              Benrather Straße 18-20
              40213 Düsseldorf
              Germany
 Internet:    www.ceconomy.de



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