Ad-hoc | 30 June 2011 20:06
3U HOLDING AG / Key word(s): Share Buyback
30.06.2011 20:06
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 AGM of August 19, 2010 to repurchase up to 10%
of its own shares (up to 3,923,778 shares) on the stock exchange during the
period from July 1, 2011 until not later than August 18, 2015. During the
time span of the share buyback programme, the Management Board reserves the
right to suspend and resume the share buyback at any time, in accordance
with the legal requirements to be observed. The shares may be used for all
purposes according to the authorization given by the resolution of the AGM
of August 19, 2010.
BankM, Repräsentanz der biw Bank für Investments und Wertpapiere bank 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 buyback is subject to the safe-harbour provisions of §§ 14 para
2, 20a para 3 WpHG in conjunction with Regulation (EC) No 2273/2003. In
accordance with Article 5 paragraph 2 of Regulation (EC) BankM shall not
buy more than 25 percent of the average daily share turnover, which takes
place on the regulated market where the purchase of shares occurs. The
average daily share turnover is derived from the average daily trading
volume of the month preceding the publication of that program. 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 Stock Exchange on the trading day preceding the
buyback by more than 10%, nor be more than 25% below it. To meet the
requirements of Article 4 paragraph 4 EC provision the transactions are
published at the latest by the end of the seventh trading day following
their conclusion. 3U HOLDING AG will inform about the progress of the share
buy-back weekly on its website at www.3u.net.
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
30.06.2011 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: 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, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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