Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Transaction in Own Shares • Jul 19, 2002

News Details

Ad-hoc | 19 July 2002 17:50

Ludwig Beck am Rathauseck english

Ludwig Beck AG sells own shares Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– LUDWIG BECK AG sells own shares Munich, 19 July 2002. On the basis of the mandates approved in accordance with Article 71 Paragraph 1 Section 8 of the German Stock Corporation Law (Aktiengesetz) by the ordinary general meetings of shareholders held on 17 May 2000, 10 May 2001 and 17 May 2002, LUDWIG BECK AG (WKN 519 990) in the meantime purchased a total 238,438 of its own individual share certificates (ordinary shares). The purpose of doing so was, among other things, to use these shares as payment currency for possible acquisitions. In view of the fact that it has since become clear that the originally planned use of these shares will not be realizable in the foreseeable future, the Board of Management has, with the approval of the Company’s Supervisory Board, decided to sell this block of shares to an institutional investor. As a result, the Company’s free float will rise to 79.11 per cent. The resale of the shares is taking place against payment of a sum of money. The contract of purchase has been concluded with today’s date, and the corresponding payment and transfer of the shares will take place on 6 August 2002. The purchase price of the shares is based on the current price level. Contact: Lothar Fiss, Investor Relations and Public Relations Tel +49(0)89 23691 663, Fax +49(0)89 23691 600 end of ad-hoc-announcement (c)DGAP 19.07.2002 ——————————————————————————– WKN: 519990; ISIN: DE0005199905; Index: SDax Listed: Amtlicher Markt in Frankfurt (SMAX) und München; Freiverkehr in Berlin, Düsseldorf, Hamburg und Stuttgart 191750 Jul 02