Plenum AG — Transaction in Own Shares 2001

Sep 14, 2001

News Details

Ad-hoc | 14 September 2001 08:01

plenum AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– plenum is starting share repurchase – share-price is significantly undervalued – shares will be used as acquisition currency On 22 June 2001, the General Shareholder’s Meeting of plenum AG has authorized the board of the company to repurchase up to 10 % of the company’s shares on the Frankfurt Stock Exchange. In accordance with this authorization, plenum AG can purchase shares at a price not higher than 10 % and not lower than 30 % of the average value calculated from the market quotations on the previous 10 trading days. With reference to this authorization the board has decided to start repurchasing company’s shares now. Due to the ongoing increase in growth and profit the board considers the plenum share with regard to the current share price level as significantly undervalued. For this reason the repurchased shares will be used as acquisition currency for prospective acquisitions. Please contact: plenum AG Hubert Sand, Head of Corporate Communications Phone. + +49 (0)611 98 82 229 e-mail: aktie@plenum.de end of ad-hoc-announcement (c)DGAP 14.09.2001 ——————————————————————————– WKN: 690100; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in Düsseldorf, München, Hamburg, Berlin, Bremen, Hannover und Stuttgart 140801 Sep 01