HORNBACH-Baumarkt-Aktiengesellschaft / Key word(s): Share Buyback
13.08.2012 14:39
Dissemination 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.
Board of Management of HORNBACH-Baumarkt-AG resolves share buyback to
facilitate issue of shares to employees
Bornheim, August 13, 2012. The Board of Management of Hornbach-Baumarkt-AG,
based in Bornheim/Pfalz, ISIN DE0006084403, today resolved to acquire up to
50,000 own shares pursuant to Section 71 (1) No. 2 of the German Stock
Corporation Act (AktG). The shares are to be acquired already in
preparation for the annual issue of shares to employees scheduled to take
place at the end of 2012.
The buyback of shares on the basis of this management board resolution is
to be undertaken in accordance with the safe harbor regulations set out in
Section 20a (3) of the German Securities Trading Act (WpHG) in conjunction
with Regulation (EC) No. 2273/2003 of the European Commission dated
December 22, 2003.
The buyback of shares will begin on August 14, 2012 and will run for a
limited period expiring on December 31, 2012. The purchase price to be paid
by the company per share (excluding acquisition expenses) may not exceed or
fall short of the stock market price by more than 10%. The stock market
price shall be taken in this respect to be the average of the closing
prices in Xetra trading at the Frankfurt Stock Exchange on the five stock
market trading days immediately preceding the respective acquisition.
Moreover, the shares will not be acquired at a price in excess of that
determined pursuant to Article 5 (1) of Regulation (EC) No. 2273/2003 of
the European Commission dated 22 December 2003.
Further information concerning the buyback of shares has been published in
the ‘Investor Relations/Share buyback’ section on the internet and can be
found at the following URL:
http://www.hornbach-holding.com/investor/en/php/cont_investor_buyback.php
Moreover, the transactions executed will also be published at this address
pursuant to Article 4 (4) of Regulation (EC) No. 2273/2003 of the European
Commission dated December 22, 2003.
13.08.2012 DGAP’s Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: HORNBACH-Baumarkt-Aktiengesellschaft
Hornbachstraße
76878 Bornheim bei Landau/Pfalz
Germany
Phone: +49 (0)6348 / 60 00
Fax: +49 (0)6348 / 60 40 00
E-mail: info@hornbach.de
Internet: www.hornbach.de
ISIN: DE0006084403
WKN: 608440
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
