Ad-hoc | 27 October 2011 13:59
Deutsche Börse AG / Key word(s): Share Buyback
27.10.2011 13:59
Dissemination 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.
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Announcement in accordance with Article 4 para. 2 of Commission Regulation
(EC) No. 2273/2003: Deutsche Börse AG has resolved on a share buyback
program with a volume of approximately EUR 100 million
Deutsche Börse AG ('Deutsche Börse') has resolved on a share buyback
program pursuant to the current authorization by its shareholders. The
share buyback program lasts up until the earlier of the completion of the
Deutsche Börse and NYSE Euronext business combination or December 31, 2011.
The overall purchase volume will amount to around EUR 100 million. The
share buyback program is limited to a number of Deutsche Börse shares that
- after execution of a corresponding share buyback program of NYSE Euronext
in the amount of up to USD 100 million - will preserve the ratio of former
shareholders of Deutsche Börse AG of 60 percent and former NYSE Euronext
shareholders of 40 percent in Alpha Beta Netherlands Holding N.V. after
completion of the business combination of Deutsche Börse and NYSE Euronext.
The share buyback is planned to be implemented either by purchases via the
stock exchange and/or by way of the sale of put options, the purchase of
call options or the use of a combination of put and call options. The
repurchase applies in any case to all registered no-par-value shares (auf
den Namen lautende Stückaktien) of Deutsche Börse (ISIN DE0005810055 and
ISIN DE000A1KRND6). The ratio by which Deutsche Börse shares in the
respective ISIN will be repurchased depends on the development of the
market price of the respective ISIN.
The shares are to be used for one or several of the purposes permitted by
the authorization granted by the shareholders' meeting under item 6 of the
agenda on May 12, 2011. The shares are also to be used for purposes for
which an exclusion of subscription rights is intended, but can also be
cancelled or sold through the stock market or by way of an offer to all
shareholders.
The stock exchange repurchase will be conducted in line with standard
market conditions. The purchase price for the shares to be repurchased via
the stock exchange may neither exceed nor fall short of the average share
price for the five trading days prior to the purchase commitment by more
than 10 percent. The relevant prices for determining the average are the
closing auction prices for Deutsche Börse shares in electronic Xetra
trading at the Frankfurt Stock Exchange (FWB).
Additional shares may be repurchased by way of the sale of put options or
the purchase of call options or any combination thereof. The strike price
for the options may not exceed by more than 10 percent, or fall below by
more than 20 percent, the average share price (closing auction price of
Deutsche Börse shares in electronic trading on the Frankfurt Stock
Exchange) on the last five trading days preceding the point in time when
the obligation under the option transaction in question is assumed (in each
case excluding ancillary acquisition costs, but taking into account the
netted option premium received and paid).
Deutsche Börse will instruct an independent financial institution to use
its best efforts to buyback no more than 25 percent of the average daily
trading volume on any one day in shares of ISIN DE0005810055 and no more
than 25 percent of the average daily trading volume on any one day in
shares of ISIN DE000A1KRND6 and to uphold the trading rules set forth in
Article 5 of Commission Regulation (EC) No. 2273/2003 of December 22, 2003.
The financial institution will decide independently about the timing and
the volume of the purchases without being influenced by the company. All
transactions will be published according to Article 4 para. 4 of Commission
Regulation (EC) No. 2273/2003 no later than on the seventh trading day
following the transaction.
Kontakt:
Dr. Frank Herkenhoff
Tel.: +49-69-21 11 15 00
27.10.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Deutsche Börse AG
-
60485 Frankfurt am Main
Germany
Phone: +49 (0)69 211 - 0
Fax:
E-mail: ir@deutsche-boerse.com
Internet: www.deutsche-boerse.com
ISIN: DE0005810055, DE000A1KRND6
WKN: 581005, A1KRND
Indices: DAX, EuroStoxx 50
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX
End of Announcement DGAP News-Service
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