EANS-Adhoc: Basler AG
Resolution adopted about buying own shares
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 21.09.2011 Ahrensburg, September 21, 2011. Basler AG will buy back bearer shares with an equivalent value of up to EUR 1 million via the stock market. The Management Board of the company together with the Supervisory Board has decided today to take this action. The buyback will be carried out beginning September 22, 2011. The shareholders' meeting of May 18, 2010, authorized the company to buy back own shares amounting to a total of up to 10 % of the share capital of the corporation existing at the time the resolution was adopted. The authorization is approved until May 18, 2015. The shares can be used for all purposes provided for in the authorization of the shareholders' meeting of May 18, 2010. This includes among others using the shares as consideration related to the acquisition of companies. Basler AG wants to make use of the currently favorable share value and have available the package of shares to be acquired for the above purpose. When acquiring own shares via the stock exchange, the price paid per share (without considering incidental purchase costs) must not differ by more than 10 % from the share price of the company for shares with same conditions as determined on the trading day by the opening auction on the trading day for XETRA trade on the Frankfurt stock exchange. The buyback will be carried out through a credit institution that will decide upon the time of the individual buybacks independently of Basler AG according to Commission Regulation (EC) No 2273/2003 of December 22, 2003. The applicable average daily share turnover is calculated based on the average daily trading volume of the month of August 2011. Further inquiry note: Verena Fehling Investor Relations Telefon: +49(0)4102 463-100 E-Mail: ir@baslerweb.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Basler AG An der Strusbek 60-62 D-22926 Ahrensburg phone: +49 (0) 4102 463 0 FAX: +49 (0) 4102 463 108 mail: info@baslerweb.com WWW: http://www.baslerweb.com sector: Semiconductors & active components ISIN: DE0005102008 indexes: CDAX stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München language: English
Original content of: Basler AG, transmitted by news aktuell