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POS - MTU Aero Engines Holding AG: MTU Aero Engines to repurchase about 1 million additional own shares

Company: MTU Aero Engines AG Date: 2007-08-20 Language: English Register to download

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 News Details

Corporate | 20 August 2007 08:16

#   

MTU Aero Engines Holding AG: MTU Aero Engines to repurchase about 1 million additional own shares

**MTU Aero Engines Holding AG / Share Buyback**

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Munich, August 20, 2007 – MTU Aero Engines intends to repurchase about 1
million additional own shares within the next six months. This has been
decided by the company’s management board, after MTU had surpassed the
level of holding 5 percent of its shares during the last week (as published
on August 17, 2007). Since June 2006, the company has repurchased about 2,8
million of its shares.

The repurchase of the additional shares will take place successively and
with due respect for market factors. The shares are intended to be mainly
used for servicing the convertible bond, which MTU had issued in January
2007 in the amount of €180 million. For this purpose, the company needs up
to 3.64 million shares.

MTU Aero Engines is the leading German manufacturer of aircraft engines and
ranks among the largest companies in its sector. Together with its
affiliates, the company maintains a presence in all essential markets and
regions. MTU is the world’s largest independent provider of MRO services
for commercial aero engines. In the military sector, MTU is the lead
industrial partner for almost every type of aero engine in service with the
German armed forces, and an important partner in major military engine
programs in Europe. The company is a technological leader, with outstanding
expertise in high-pressure compressors, low pressure turbines, engine
control units, and manufacturing and repair processes.


Contact for media representatives:
Eckhard Zanger 
Senior Vice President Corporate Communications and Investor Relations
Tel.: + 49 89 14 89-91 13  
Fax: + 49 89 14 89-21 72

Contact for investors and analysts:
Tatiana Villalobos-Baum
Investor Relations
Phone: + 49 89 14 89-35 23
Fax: + 49 89 14 89-9 60 92



DGAP 20.08.2007 
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Language:     English
Issuer:       MTU Aero Engines Holding AG
              Dachauer Straße 665
              80995 München
              Deutschland
Phone:        +49 (0)89  14 89-8313
Fax:          +49 (0)89  14 89-95062
E-mail:       Inka.Koljonen@muc.mtu.de
Internet:     www.mtu.de
ISIN:         DE000A0D9PT0
WKN:          A0D9PT
Indices:      MDAX
Listed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
              Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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