Ad-hoc | 6 December 2010 12:22
telegate AG / Key word(s): Share Buyback/Corporate Action
06.12.2010 12:22
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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Over-subscription of the share repurchase offer results in proportional
allocation of shares bought back
telegate AG is repurchasing 10% of its share capital corresponding to
2,123,454 shares at a price of EUR 7.00 per share. The company today was
notified by the authorised bank that in response to the offer to buy back
up to 2,123,454 shares, which expired on December 1, 2010, shareholders
submitted declarations of acceptance relating to 3,194,105 shares. In view
of this over-subscription, telegate AG is carrying out a partial
(proportional) allocation in accordance with the terms of the offering
document. telegate AG will subsequently redeem the repurchased shares.
Contact:
Jörg Kiveris
telegate AG
Head of Public Relations Department
Germany
Fraunhofer Str. 12a
82152 Planegg-Martinsried near Munich
Tel.: +49-89-8954-1188
Fax: +49-89-8954-1189
E-Mail: presse@telegate.com
06.12.2010 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: telegate AG
Fraunhofer Str. 12a
82152 Planegg-Martinsried
Deutschland
Phone: +49 089 - 89 54 0
Fax: +49 089 - 89 54 10 10
E-mail: info@telegate.de
Internet: www.telegate.com
ISIN: DE0005118806
WKN: 511880
Indices: Prime All Share
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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