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Dr. Christopher Große
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Munich, September 27, 2012 – Munich-based Allgeier SE (ISIN DE0005086300, WKN 508630), one of the leading IT companies in the German-speaking region, is launching a share repurchase program. At its meeting today, the Management Board passed a resolution to approve this program. This resolution is based on the authorization to purchase the company’s own shares pursuant to Section 71 (1) subsection 8 of the German Stock Corporation Act (AktG), which was approved by the company’s Shareholders’ General Meeting on June 17, 2010. This program will run initially until December 31, 2012.
In particular, the acquired treasury shares are to serve the purpose that the company can utilize such shares as consideration when purchasing companies or parts (assets) of companies, or interests in companies.
The share purchase program comprises the following key aspects:
Volume of up to 180,000 ordinary shares (approximately 1.98% of the share capital)
Acquisition through the stock market
Execution by a bank which performs the purchases independently while complying with a maximum purchase price
Compliance with the regulations of the German Stock Corporation Act and the German Securities Trading Act (in particular, Section 20a of EC Directive No. 2273/2003)
Conclusion of the program on December 31, 2012
With the completion of the previous share repurchase program as of December 31, 2011, Allgeier SE and a subsidiary held a total of 686,954 treasury shares on the December 31, 2011 reporting date. This corresponds to 7.57% of the share capital.