Ad-hoc | 21 November 2007 07:11
Francotyp-Postalia Holding AG / Share Buyback/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.
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Ad-hoc-Mitteilung according to Sec. 15 German Securities Trading Act
(Wertpapierhandelsgesetz – WpHG)
Francotyp-Postalia Holding AG approves share buyback program
In exercise of the authorization granted by the shareholders’ meeting dated
October 16, 2006, the management board approved on November 20, 2007a
program for the Company to buy back its own shares.
In accordance with the authorization granted by the shareholders’ meeting
dated October 16, 2006 an amount of up to 500,000 shares of the company
shall be purchased by the Company in the stock market. This equals a share
of up to 3.40 percent of the Company’s share capital. The price per share
paid by the Company (net of commissions) may not exceed, or fall short of,
by more than 10 percent, the price determined in the opening auction on the
respective trading day in Xetra trading of the Frankfurt Stock Exchange.
The share buyback program may run until April 15, 2008 (including). The
management board reserves the right to suspend or discontinue the share
buyback program at any time and to acquire a total of less than 500,000
shares of the Company.
The buyback program will be administered by an investment bank,
which will execute the buyback pursuant to in particular Article 5 of the
Regulation (EC) no. 2273/2003 of the Commission dated December 22, 2003.
Francotyp-Postalia Holding AG will publish further information regarding
the share buyback program in the course of the intended buyback at
http://www.francotyp.com/de/ir/willkommen.php.
Birkenwerder, November 21, 2007
Management board
Disclaimer:
This document contains forward-looking statements and information that is
depending on assumptions and expectations taken by the general management.
These statements may be identified by words such as 'shall,' 'will' or
words of similar meaning. Such statements are subject to certain risks and
uncertainties. A variety of factors, many of which are beyond
Francotyp-Postalia Holding AG’s control, affect its performance or
achievements of Francotyp-Postalia Holding AG to be materially different
from any future results, performance or achievements that may be expressed
or implied by such forward-looking statements. For the Francotyp-Postalia
Holding AG, particular uncertainties arise, among others, from: changes in
general economic and business conditions; changes in currency exchange
rates and interest rates; introduction of competing products or
technologies by other companies as well as changes in business strategy.
Francotyp Postalia Holding AG does not intend or assume any obligation to
update or revise these forward-looking statements in light of developments
which differ from those anticipated.
Contact:
Francotyp-Postalia Holding AG
Investor Relations
Telefon: +49 (0)3303 525 777
Telefax: +49 (0)3303 53 70 77 77
E-Mail: ir@francotyp.com
21.11.2007 Financial News transmitted by DGAP
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Language: English
Issuer: Francotyp-Postalia Holding AG
Triftweg 21-26
16547 Birkenwerder
Deutschland
Phone: +49 (0)3303 525 777
Fax: +49 (0)3303 53 70 77 77
E-mail: ir@francotyp.com
Internet: www.francotyp.com
ISIN: DE000FPH9000
WKN: FPH900
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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