EANS-Adhoc: Hypoport AG
Hypoport AG approves share repurchase programme
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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02.05.2012
Berlin, 02. May 2012: The Management Board of Hypoport AG has today decided to
repurchase up to 60,000 of the Company's own shares exclusively through the
stock market for a total purchase price of no more than EUR900,000 (excluding
purchase-related costs). The maximum volume of shares that may be repurchased
during the buy-back programme has been set at 1,000 shares per day.
The purpose of this programme is to provide treasury shares for employee share
ownership schemes and other means of issuing shares to employees of the Company
and the Hypoport Group. The shares will be repurchased under the authorisation
granted by the Annual Shareholders' Meeting on 4 June 2010 for the Company to
purchase its own shares. The Supervisory Board has approved this share buy-back
programme. The repurchase of shares will commence no sooner than 8 May 2012 and
will be completed by no later than 31 December 2012.
The shares will be repurchased in accordance with section 14 (2) of the German
Securities Trading Act (WpHG) in conjunction with Commission Regulation (EC) No.
2273/2003 ('safe harbour'). The details of the share buy-back will be announced
before the programme commences.
Further inquiry note:
Ines Cumbrowski
Manager Group Legal
Telefon: +49(0)30 42086-1005
E-Mail: ines.cumbrowski@hypoport.de
end of announcement euro adhoc
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issuer: Hypoport AG
Klosterstraße 71
D-10179 Berlin
phone: +49(0)30 42086-0
FAX: +49(0)30 42086-1999
mail: ir@hypoport.de
WWW: http://www.hypoport.de
sector: Financial & Business Services
ISIN: DE0005493365
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English
Original content of: Hypoport AG, transmitted by news aktuell