Ad-hoc | 15 July 2010 22:05
3U HOLDING AG / Share Buyback/Corporate Action
15.07.2010 22:05
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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The Management Board of 3U HOLDING AG has decided on the basis of the
authorisation granted by the annual general meeting of August 28, 2009 to
repurchase up to 10% of its own shares on the stock exchange during the
period from July 19, 2010 until not later than February 27, 2011.
The Company may at no time possess more than 10% of its own share capital.
Currently the Company already holds some 6.93% of the share capital with
its 3,244,714 own shares. Therefore the Management Board has decided to use
its authorization granted by the annual general meeting of August 28, 2007
to draw 3.244.714 shares without par value of the Company, acquired through
a shares buyback programme via the stock exchange and a follow-up public
buyback offer until February 20, 2009, after the annual general meeting of
August 19, 2010.
BankM, Repräsentanz der biw Bank für Investments und Wertpapiere will
manage this share buy-back programme and decide the timing of the
individual repurchases independently of and uninfluenced by 3U HOLDING AG.
The share repurchases will be carried out in conformity with the provisions
of § 20a WpHG and the Regulation to Further Define the Prohibition against
Market Manipulation (MaKonV), as well as in accordance with so-called safe
harbour rules. The price offered per share (without incidental buying
costs) in the scope of the share buyback may not exceed the closing price
of the share in XETRA trading on the Frankfurt Securities Exchange on the
trading day preceding the buyback by more than 10 %, nor be more than 25 %
below it.
Contact:
Peter Alex
Head of Investor Relations
3U HOLDING AG
Frauenbergstraße 31-33
D-35039 Marburg
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1222
Email: IR@3U.net
www.3u.net
15.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: 3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg
Deutschland
Phone: +49 (0)6421/999-1200
Fax: +49 (0)6421/999-1222
E-mail: IR@3U.net
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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