Share Buyback is the possibility to purchase shares of the own company. The share buyback must be approved by the Annual General Meeting.
19 May 2011, Report on Share Buyback
At the Annual General Meeting, which took place on 19 May 2011, the previous authorization for share buyback from 2009 was revoked and following new authorization was resolved:
- Share buyback of up to 5% of the share capital
- Price range: 1 EUR to 30 EUR per share
- Duration of authorization by the Annual General Meeting until 18 November 2012
- Shares purchased can be used
- as consideration for acquisition of enterprises
- to serve stock options or to issue shares to employees
- to decrease the share capital of the company by up to EUR 48,309,150 by withdrawing up to 22,150,000 million treasury registered or bearer shares without further resolution by the Annual General Meeting
- to sell treasury shares any time via the stock exchange or by public offer, for a period of 5 years from the day of this resolution in any way permitted by law, also other than via the stock exchange, whereby the Management Board is entitled to exclude the general purchase opportunity
In 2011, there was no share buyback. The last share buyback took place in 2007.
Details on shares repurchased will be announced here.
Buyback information as XLS document (115.0 KB)
The following documents were released in connection with the share buyback:
Resolution of the Management Board of May 19, 2011 to Cancel Treasury Shares (63.9 KB)
Resolution of the Management Board of August 19, 2009 to Cancel Treasury Shares (18.8 KB)
Resolution of the Management Board of March 19, 2007 to Cancel Treasury Shares (18.9 KB)
Resolution of the Management Board of May 23, 2006 to act on the authorization to buyback shares (21.8 KB)
Resolution of the Management Board of May 25, 2005 to act on the authorization to buyback shares (71.2 KB)
Amended authorization by the annual general meeting of June 3, 2004 to repurchase shares (64.4 KB)
Resolution of the Management Board of March 24, 2004 to act on the authorization to buyback shares (63.5 KB)
Buyback in the Course of the Stock Option Program on February 27, 2004
On February 27, 2004 stocks amounting to 0.67% of the share capital were repurchased to serve stock options.Ad Hoc Release of February 20, 2004 on the Intention to Buyback
Report about the Buyback, Pursuant to Para 7 Disclosure Regulation 2002 (52.8 KB)
