EANS-Adhoc: C-QUADRAT Investment AG
Share Buyback
Share Buyback Program
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Buybacks 09.09.2015 Publication pursuant to Art 4 para. 2 and Art 5 of the Austrian Disclosure Regulation 2002 (Veröffentlichungsverordnung) At the ordinary Shareholders' Meeting of C-QUADRAT Investment AG, held on 8 May 2015, the Management Board of the Company was authorized, in accordance with Art 65 para 1 sect 8 of the Austrian Joint Stock Corporation Act (Aktiengesetz, AktG), to acquire own non-par value bearer shares in the Company up to an extent of 10 percent of the current share capital of C-QUADRAT Investment AG within 30 months from the date of the resolution of the shareholders for a price of between EUR 1 minimum and EUR 60 maximum per single share. The Management Board of C-QUADRAT Investment AG resolved to acquire shares in the Company in accordance with this authorization as follows: Details on the share buyback program pursuant to Art 5 para 2 of the Austrian Disclosure Regulation 2002 (Veröffentlichungsverordnung): 1. The resolution of authorising the share buyback program was approved by the Shareholders' Meeting dated May 8, 2015. 2. The resolution of authorising the share buyback program was published in accordance with Art 82 para 8 and 9 of the Austrian Stock Exchange Act (Börsegesetz, BörseG) on May 8, 2015. 3. The share buyback program commences on September 14, 2015 and is anticipated to continue until (including) October 31, 2017. 4. The share buyback program concerns non-par value bearer shares of C-QUADRAT Investment AG (ISIN AT0000613005). 5. The current share capital of the Company amounts to EUR 4,363,200 and is divided into 4,363,200 shares, each share has an equal value participation in the share capital. The intended volume of the share buyback program amounts to up to 218.160 non-par value bearer shares - corresponding up to 5% of the current share capital - on the Vienna Stock Exchange and/or the Frankfurt Stock Exchange. 6. According to the resolution of the Shareholders' Meeting dated May 8, 2015 the counter-value at the respective date of acquisition has to be within a range of EUR 1 minimum and EUR 60 maximum per single share. 7. The main purpose of the share buyback program is the possible use of own shares for future acquisitions. In the case of acquisition of companies, business operations, parts of business operations or stakes in companies it may be advisable or necessary to use own shares either to compensate shareholders of target companies or as consideration in case the seller prefers to receive shares of the company instead of cash. Depending on the specific situation it is therefore possible that in first place granting own shares enables strategically important transactions or even allows the Company to obtain a more favorable purchase price than with a cash consideration. Furthermore through the use of own shares the liquidity requirements of the Company for such acquisitions are reduced and the settlement of transactions might be accelerated as existing shares can be used and no new shares need to be created by way of a capital increase. Furthermore, the Management Board may use the own shares to issue shares to employees, executive employees, management staff or members of the Management Board of C-QUADRAT Investment AG or an associated company within the framework of a possible future employee share option program. In addition, the Management Board is authorized to purchase own shares for any other legal purpose and to withdraw purchased shares without any further resolution passed by the general Shareholders' Meeting. Trading with own shares for profit purposes is excluded. 8. From today's perspective the share buyback program has no impact on the stock market listing of C-QUADRAT Investment AG. 9. The share buyback program is implemented in accordance with the provisions laid down in the Commission Regulation no. 2273/2003 of December 22, 2003, OJ L336/33 of December 23, 2003 (the "Regulation"), where applicable including a credit institution pursuant to Art. 6 (3) Sec. b of the Regulation. The Management Board points out pursuant to Art. 5 (3) of the Regulation that the limit of 25% of the average daily volume of shares pursuant to Art. 5 (2) of the Regulation may be exceeded within the scope of the buyback program. C-QUADRAT Investment AG intends to fulfill its disclosure obligations pursuant to Art 6 and 7 of the Austrian Disclosure Regulation 2002 by publishing the relevant information on the website of the company www.c-quadrat.at. Further inquiry note: Andreas Wimmer Member of the Board Schottenfeldgasse 20 A-1070 Vienna Tel.: +43 1 515 66 316 Email: a.wimmer@investmentfonds.at www.c-quadrat.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: C-QUADRAT Investment AG Schottenfeldgasse 20 A-1070 Wien phone: +43 1 515 66-0 FAX: +43 1 515 66-159 mail: c-quadrat@investmentfonds.at WWW: www.c-quadrat.com sector: Financial & Business Services ISIN: AT0000613005 indexes: Standard Market Auction stockmarkets: official market: Frankfurt, Wien language: English
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