DGAP-News: ELMOS Semiconductor AG: ELMOS decides share buyback
(firmenpresse) - DGAP-News: ELMOS Semiconductor AG / Key word(s): Share Buyback
ELMOS Semiconductor AG: ELMOS decides share buyback
22.08.2012 / 20:00
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Dortmund, August 22, 2012: By resolution of May 17, 2011, the General
Meeting of ELMOS Semiconductor AG, Dortmund, authorized the Management
Board, subject to the Supervisory Board's consent, to acquire the company's
shares in a volume of up to 10% of the share capital until May 16, 2016.
Today, the Management Board decided, with the Supervisory Board's consent,
to make use of this authorization. The share buyback will probably begin on
August 28, 2012. The purchase price for the acquisition of the company's
shares may altogether not exceed 3,600,000 Euro (excluding transaction
costs). However, up to 400,000 shares (ISIN DE0005677108) maximum are
intended to be bought back. This volume equals 2.05% of the company's
current share capital. At present, the company holds treasury shares in a
volume of 0.41% of the share capital. The buyback is scheduled to be
completed by March 31, 2013.
The shares to be acquired may be used for any of the purposes stated in the
authorization given by the General Meeting of May 17, 2011.
In analogous application of the provisions of Commission Regulation (EC)
No. 2273/2003 of December 22, 2003, the acquisition of the shares on the
stock market will be made by involving a credit institution which will make
its decision on the time of the acquisition of the company's shares
independently of and without influence by ELMOS Semiconductor AG. The
purchase price per share (excluding transaction costs) may neither exceed
the opening price on Xetra at the Frankfurt/Main Stock Exchange on the
acquisition date by more than 10% nor undercut it by more than 20%.
The Management Board may suspend the share buyback program and resume it at
any time in compliance with the insider trading rules of the German
Securities Trading Act.
ELMOS Semiconductor AG will report on the company's shares acquired at any
trading day, stating the date, the number of shares, and the
volume-weighted average price, within seven trading days at
www.elmos.com/english/investor-relations/share/stock-repurchase-program.ht
ml.
ELMOS Semiconductor AG is a developer and manufacturer of system solutions
on semiconductor basis. For more than 25 years, our chips have made
vehicles as well as industrial and consumer goods more performance and
power efficient.
Contact: ELMOS Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, Phone: 0231-7549-0, Extension: -287, Fax: 0231-7549-548,
invest(at)elmos.de, www.elmos.com
End of Corporate News
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22.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: ELMOS Semiconductor AG
Heinrich-Hertz-Str. 1
44227 DortmundGermany
Phone: +49 (0)231 7549-575
Fax: +49 (0)231 7549-548
E-mail: invest(at)elmos.com
Internet: http://www.elmos.com
ISIN: DE0005677108
WKN: 567710
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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182610 22.08.2012
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Datum: 22.08.2012 - 20:00 Uhr
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News-ID 176905
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