Corporate | 12 October 2009 21:08
CR Capital Real Estate AG / Share Buyback 12.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Today, 12 October 2009, CR Capital Real Estate AG (ISIN: DE000A0WMQ53; ticker symbol: CRZ) decided about a share buyback program. Excercising the authorization given by the extraordinary General Meeting on 27 August 2008, Management Board and Supervisory Board decided about a share buyback program. The authorization given by the extraordinary General Meeting is limited to stock purchases of up to EUR 1,500,000 (10% of the capital stock of EUR 15,000,000). The authorization given by the extraordinary General Meeting was not exercised up to now. It is intended, to purchase up to 10% of the 15,000,000 outstanding shares, that means up to 1,500,000 shares. The share buyback starts on 13 October 2009 and is running up to 26 February 2009 (according to the time limit concluded by the General Meeting). CR Capital Real Estate AG disposes of a sound capital structure (equity ratio of 90% as at 30 June 2009). The company is working on substantial growth of the property portfolio via asset deals and share deals. Next years results and cashflows will benefit from this. Obtaining a further payment alternative for coming property transactions is major target of the share buyback program. Payment of purchase price partially in shares of CR Capital Real Estate AG is already interesting for sellers, as negotiations show. The share buy back programm will be carried out via the stock exchange. All relevant company law rules are and will be considered, particularly the provisions of the directive (EU) No. 2273/2003 by the European Commission. The equivalent per share (without additional costs) paid by CR Capital Real Estate AG is not allowed to exceed the opening price on three days running before taking of the obligation of purchasing own shares more than 10% and to go below more than 10%. The opening price will be determined by the Xetra opening auction at Frankfurt stock exchange or the opening price at the stock exchange with highest trading volume in companies shares during the last 2 weeks before taking of the obligation of purchasing. The share buyback will be processed by Close Brothers Seydler Bank AG. Information to the share buy back program can be found on http://www.capital-real-estate-ag.de. This translation was done for service reasons. Legally binding is only the German version. Contact: bonnIR Hubert Bonn Phone: +49 (0)6157 9861190 bonn@bonn-ir.com http://www.bonn-ir.com 12.10.2009 financial News transmitted by DGAP ---------------------------------------------------------------------------