Capital/Financing Update • Nov 28, 2008
Capital/Financing Update
Open in ViewerOpens in native device viewer
News Details
Other Capital Market Information | 28 November 2008 13:18
GEA Group Aktiengesellschaft: Notification of Termination of Share Buyback Program
GEA Group Aktiengesellschaft / Share Buyback Program
Release of a Post-admission Duties announcement, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Notification of Termination of Share Buyback Program
GEA Group Aktiengesellschaft terminated its share buyback program which
started on October 6, 2008. On the basis of the authorization issued by the
Annual General Meeting on April 23, 2008, in accordance with Section 71
Paragraph 1 No. 8 of the German Stock Corporation Law, a total of 175,000
bearer shares were repurchased for an overall amount of EUR 2,123,914.50
(average price per share rounded EUR 12.137).
On November 28, 2008 the Executive Board of GEA Group Aktiengesellschaft
resolved to redeem the 175,000 shares which were repurchased within the
scope of the share buyback program without a reduction of the company's
share capital. The company's share capital continues to amount to a total
of EUR 496,890,368.79 subsequent to the redemption. The percentage amount
per share in the company's share capital after the redemption increased
slightly, but still amounts rounded to a total of EUR 2.70.
Further information on the individual transactions in accordance with
Article 4 Paragraph 4 in conjunction with Article 4 Paragraph 3 of
Commission Regulation (EC) No. 2273/2003 can be obtained on the GEA Group
Aktiengesellschaft Internet site at www.geagroup.com.
Bochum, 28 November 2008
The Executive Board
Language: English
Issuer: GEA Group Aktiengesellschaft
Dorstener Straße 484
44809 Bochum
Deutschland
Internet: www.geagroup.com
End of News DGAP News-Service
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.