Ahlers AG

Transaction in Own Shares • Apr 1, 2009

News Details

Ad-hoc | 1 April 2009 08:58

Ahlers AG resolves to terminate the current share buy-back program and to submit a public share buy-back offer

Ahlers AG / Share Buyback

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Ad-hoc Announcement

according to Section 15 of the German Securities Trading Act (WpHG)

Ahlers AG, Herford

ISIN DE0005009708 and ISIN DE0005009732

Ahlers AG resolves to terminate the current share buy-back program and to
submit a public share buy-back offer

Based on the resolution by the Shareholders' Ordinary General Meeting on
May 15, 2008, the Management Board of Ahlers AG resolved today with the
approval of the Supervisory Board to terminate the current share buy-back
program via the stock exchange and, in lieu thereof, to submit a public
share buy-back offer to the company's shareholders to repurchase up to
613,080 no par value bearer shares in the company, corresponding to up to
approx. 4.26 percent of the company's current share capital, thereof up to
383,100 ordinary shares (ISIN DE0005009708), corresponding to up to approx.
4.79 percent of the company's current ordinary share capital and up to
229,980 preferred shares (ISIN DE0005009732), corresponding to up to
approx. 3.59 percent of the company's current preferred share capital.

Based on the same Shareholders' resolution and the Management Board's
resolutions dated October 28/30, 2008 and February 4, 2009 regarding the
share buy-back program via the stock exchange and approved by the
Supervisory Board, Ahlers AG has already repurchased 106,920 own shares
(approx. 0.74 percent of the share capital), thereof 16,900 own ordinary
shares (approx. 0.21 percent of the ordinary share capital) and 90,020 own
preferred shares (approx. 1.41 percent of the preferred share capital).

The acceptance period for the offer begins on April 3, 2009 and ends on
April 23, 2009 at 24.00 hours (CEST). During this period, the shareholders
of Ahlers AG may offer their shares for repurchase at a purchase price of

7.22 EUR per no par value Ahlers bearer ordinary share respectively

6.80 EUR per no par value Ahlers bearer preferred share

(excluding ancillary acquisition costs). These respective offer prices
correspond to a premium of approx. 1.5 percent on the reference price in
the amount of 7.12 EUR for the ordinary shares respectively of 6.70 EUR for
the preferred shares, consisting of the volume weighted average closing
share prices of the ordinary shares respectively preferred shares on the
Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) during the five
stock exchange trading days prior to the publication of the public share
buy-back offer. If more than 383,100 ordinary shares respectively more than
229,980 preferred shares are tendered into this offer (over-subscription),
the declarations of acceptance for each class of shares shall be accepted
on a pro-rata basis.

Based on the resolution of the Shareholders' Ordinary General Meeting on
May 15, 2008 the Management Board is authorized to use the acquired own
shares for all legally permissible purposes, in particular for the
withdrawal of the shares, for sale in a way other than via the stock
exchange or by an offer to all shareholders, or as payment in kind,
especially in connection with the acquisition of companies, parts of
companies or company holdings as well as company mergers. The above
authorizations may be exercised on one or more occasions, in full or in
part, individually or jointly.

To the Management Board's knowledge, individual major shareholders of
Ahlers AG intend to submit tenders into the offer.

More detailed information on the offer will be published by the Company on
April 3, 2009 under the section 'Investor Relations-Shares' on the website
of Ahlers AG at http://www.ahlers-ag.com.

Herford, April 1, 2009

The Management Board

Ahlers AG

Elverdisser Str. 313

32052 Herford

Germany
01.04.2009 Financial News transmitted by DGAP

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Language: English
Issuer: Ahlers AG
Elverdisser Straße 313
32052 Herford
Deutschland
Phone: +49 (0)5221 979-0
Fax: +49 (0)5221 70058
E-mail: ahlers-ag@ahlers-ag.com
Internet: www.ahlers-ag.com
ISIN: DE0005009708, DE0005009732
WKN: 500970, 500973
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, Stuttgart, Hamburg

End of News DGAP News-Service

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