Transaction in Own Shares • Nov 27, 2008
Transaction in Own Shares
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News Details
Ad-hoc | 27 November 2008 18:30
KWS SAAT AG: Acquisition of own stock for issue as employee shares
KWS SAAT 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.
Ad-hoc release in compliance with Section 15 of the WpHG
relating to the acquisition of own stock for issue as employee shares
KWS SAAT AG, Einbeck, ISIN DE0007074007
The Executive Board of KWS SAAT AG adopted a resolution on November 27,
2008, to acquire a number of its own shares for issue as employee shares in
the period from December 2, 2008, to January 31, 2009, at the latest in
accordance with Section 71 (1) No. 2 of the German Stock Corporation Act
(AktG). The stock buyback will be conducted in compliance with the safe
harbor regulations specified by Section 20a (3) of the German Securities
Trading Act (WpHG) in conjunction with Regulation (EC) No. 2273/2003 of the
European Commission dated December 22, 2003. The number of shares to be
bought back under this Executive Board resolution will be determined by the
number actually required for issuing stock to employees. A total of no more
than 30,000 shares will be bought back. The number of shares to be acquired
will also be limited to a total purchase price of 3 million euros.
KWS SAAT AG
The Executive Board
27.11.2008 Financial News transmitted by DGAP
Language: English
Issuer: KWS SAAT AG
Grimsehlstraße 31
37574 Einbeck
Deutschland
Phone: +49 (0)5561 311-0
Fax: +49 (0)5561 311-322
E-mail: [email protected]
Internet: www.kws.de
ISIN: DE0007074007
WKN: 707400
Indices: S-DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Hamburg, Düsseldorf, München,
Stuttgart
End of News DGAP News-Service
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