Ad-hoc | 31 October 2007 12:54
NEXUS AG / 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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Villingen-Schwenningen, October 31, 2007: Executive Board of NEXUS AG
(stock symbol NXU) decided to start the stock buyback programme according §
71,1 No.8 AktG authorized by the Annual General Meeting of Shareholders on
June 18, 2007.
Executive Board was authorized until November 30, 2008, to buy back own
shares of up to 10 percent of the Company's capital stock. The resolution
of the Executive Board is designed for the purpose of purchasing own shares
of the company one time or several times in line with market conditions and
within the framework of the General Meeting of Shareholders empowerment to
do so. The own shares should serve the company especially for partial
financing of additional acquisitions.
The paid equivalent value per share may not exceed the average price of the
closing rates in XETRA trade (or a comparable follow-up system) at the
Frankfurt/Main Securities Market for the stocks of the company during the
last five stock market days before purchase of the stocks by more than 10%
nor may they be more than 10% below these prices. It is in the interest of
the company to obtain the lowest purchase price possible. Consequently, a
lower minimum amount of 10% of the average price during the last five stock
market days is set as the lower limit for the purchase of the company
stocks. On the other hand, the leeway for purchasing stocks at a purchase
price higher than the stock market price is limited to a markup of up to
10%. Management shall consider and decide as in duty bound within this
framework.
All transactions will be announced at the website of NEXUS AG
(www.nexus-ag.de) monthly after they been effected.
Further Information:
NEXUS AG
Mr. Simon Holzer
Tel.: +49 77 21/84 82 0
Fax: +49 77 21/84 82 888
ir@nexus-ag.de
www.nexus-ag.de
31.10.2007 Financial News transmitted by DGAP
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Language: English
Issuer: NEXUS AG
Auf der Steig 6
78052 Villingen-Schwenningen
Deutschland
Phone: +49 (0)7721 8482-0
Fax: +49 (0)7721 8482-888
E-mail: mail@nexus-ag.de
Internet: www.nexus-ag.de
ISIN: DE0005220909
WKN: 522090
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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