Corporate | 7 November 2016 15:20

Hypoport AG: Official notice pursuant to Article 2 (1) of Commission Delegated Regulation (EU) No. 2016/1052

DGAP-News: Hypoport AG / Key word(s): Share Buyback

2016-11-07 / 15:20
The issuer is solely responsible for the content of this announcement.

Press release

Share repurchase

Official notice pursuant to Article 2 (1) of Commission Delegated Regulation (EU) No. 2016/1052

Berlin, 07 November 2016: The Management Board of Hypoport AG took a decision on
1 November 2016 to repurchase some of the Company’s own shares via the stock market. The total value of the share repurchase has been set at EUR5.0 million plus transaction costs. The maximum price per share has been set at EUR80.00 plus transaction costs. The share repurchase programme will begin on 08 November 2016 and will be completed by no later than 31 March 2017.

This resolution follows the authorisation granted by the Annual Shareholders’ Meeting on
10 June 2016 for the Company to purchase its own shares. The shares can be used for all of the purposes stated in the authorisation granted by the Annual Shareholders’ Meeting. These include use of the shares as payment in the context of acquisitions and for servicing employee share ownership programmes. The Supervisory Board has approved this share repurchase programme.

The repurchase programme will be carried out in compliance with the provisions of Articles 5, 14 and 15 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council dated 16 April 2014 (Market Abuse Regulation) in conjunction with the provisions of Delegated Regulation (EU) No. 2016/1052 of the Commission dated 8 March 2016 (Delegated Regulation); the only exception is the purpose of repurchase, which is more broadly formulated than envisaged in Article 5 (2) of the Market Abuse Regulation.

The share buy-back will be executed on behalf and for the account of Hypoport AG and will be coordinated by an independent bank. The bank must purchase the Hypoport shares in accordance with the aforementioned regulations and must comply with the provisions of the authorisation granted by the Annual Shareholders’ Meeting. The bank’s decisions on the timing of the purchase of shares in Hypoport AG in compliance with Article 4 (2) b) of the Delegated Regulation will be made independently of Hypoport AG and will not be influenced by the latter. Hypoport AG will therefore not exert any influence over the bank’s decisions. The bank is specifically required to comply with the conditions for trading specified in Article 3 of the Delegated Regulation and the stipulations contained in this share repurchase programme.

When determining the purchase price for the shares, the bank must not offer more than the price of the most recent transaction independently executed on the stock exchange concerned or – if lower – the price of the currently highest independent offer on the stock exchange concerned. Furthermore, as stated in the authorisation granted by the Annual Shareholders’ Meeting, the price paid by the bank must not be more than 10 per cent higher or 20 per cent lower than the price for one Hypoport AG share on the Frankfurt Stock Exchange as determined on the trade date by the opening auction in the XETRA trading system (or any comparable successor system). Nor is the bank permitted to purchase on any one day more than 25 per cent of the average daily volume of Hypoport shares traded on the stock exchange on which the shares are purchased. The average volume of Hypoport shares traded corresponds to the average daily volume of shares traded in the month before the repurchase programme is published.

The Management Board of Hypoport AG may at any time suspend the share repurchase programme and – provided that the relevant legal requirements are met – resume the programme.

As required by the Delegated Regulation, Hypoport AG will report regularly on the executed transactions on its website at https://www.hypoport.com/investor-relations/.

About Hypoport AG
The Hypoport Group is a technology-based financial service provider. The business model is based on its three mutually supporting business units: Private Clients, Financial Service Providers, and Institutional Clients. All three units are engaged in the distribution of financial services, facilitated or supported by finance-technology (‘fintech’). As a wholly-owned subsidiary of Hypoport, Europace AG develops and operates the web-based EUROPACE financial marketplace, which is Germany’s largest platform for mortgages, building finance products and personal loans. A fully integrated system links more than 350 partners – banks, insurers and financial product distributors. Several thousand users execute some 35.000 transactions worth a total of up to EUR4 billion on EUROPACE every month.
The Hypoport subsidiary Dr. Klein & Co. AG is an independent online distributor of financial products. This firm’s specialists provide private clients with a full range of advisory services around mortgage finance, insurance and retirement planning. DR. KLEIN Firmenkunden AG has been a major financial service partner to housing companies and commercial property investors since 1954. Hypoport AG is headquartered in Berlin, employs about 800 people and is listed in the Prime Standard of the Frankfurt Stock Exchange. At the end of 2015 Hypoport was admitted to the SDAX.

Contact:
Hypoport AG
Michaela Reimann
Head of Investor Relations & Public Affairs
Tel: +49 (0)30 42086 1936
Email: ir@hypoport.de
www.hypoport.com

Key data on Hypoport’s shares
ISIN                                         DE 0005493365
WKN                                        549336
Stock exchange symbol      HYQ
Segment                                 Regulated Market in Frankfurt (Prime Standard); Open Market in Berlin,
Düsseldorf, Stuttgart
Indices                                    SDAX

2016-11-07 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Hypoport AG
	Klosterstraße 71
	10179 Berlin
	Germany
Phone:	+49/30 42086-0
Fax:	+49/30 42086-1999
E-mail:	ir@hypoport.de
Internet:	www.hypoport.de
ISIN:	DE0005493365
WKN:	549336
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange

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