Transaction in Own Shares • Dec 12, 2008
Transaction in Own Shares
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News Details
Corporate | 12 December 2008 07:59
Aragon AG launches share buyback programme
ARAGON AG / Share Buyback
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
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++ Aragon AG launches share buyback programme
++ Acquisition currency for future growth
Aragon AG has launched a programme to buy back treasury stock. The share
buyback programme with a volume of 200,000 shares is based on the
resolution of the Annual General Meeting of 2 June 2008 and shares will be
bought exclusively via the stock exchange. The buyback commences
immediately and is scheduled to be completed by 28 February 2009.
The Management Board is certain that the most recent share performance in
the wake of the financial market crisis has resulted in the stock of Aragon
AG being significantly undervalued.
Alongside attractive investments of liquid funds, Aragon intends to support
the company’s future growth by buying treasury stock. This will create an
acquisition currency for further potential acquisitions as part of Aragon’s
buy-and-build strategy.
Dr. Sebastian Grabmaier, CEO of Aragon, explained, 'Today, the strategic
positioning of Aragon is better than ever. The financial market crisis will
further accelerate the process of consolidation in the financial sales
market and this will result in attractive acquisition opportunities for our
Group. Aragon is therefore well equipped to benefit from the current
financial and economic crisis'.
About Aragon AG
Aragon is a broadly diversified financial services company, with the
divisions: Retail Sales, Institutional Sales and Banking & Banking
Services. Aragon is active on the marketplace with multiple independent
subsidiaries. The company’s aim is to integrate various distribution models
under one roof, without disturbing the individual identity of each sales
company. The result is a wide diversification across various asset classes
and distribution types, which generates a high stability in corporate
earnings. Further information about the company and its subsidiaries can be
viewed on the website: www.aragon-ag.de.
Contact:
Aragon Aktiengesellschaft
Ralf Funke
Investor Relations
Tel.: +49(0)611 890 575-0
Fax: +49(0)611 890 575-99
E-Mail: [email protected]
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