DGAP-News: SINNERSCHRADER AG RE-INITIATES ITS SHARE REPURCHASE PROGRAMME
(firmenpresse) - DGAP-News: SinnerSchrader AG / Key word(s): Share Buyback
SINNERSCHRADER AG RE-INITIATES ITS SHARE REPURCHASE PROGRAMME
19.09.2013 / 17:28
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The Management Board and the Supervisory Board of SinnerSchrader AG have
decided to re-initiate SinnerSchrader's share repurchase programme. The
last repurchase transaction on behalf of SinnerSchrader AG was executed on
28 December 2012.
On the basis of the authorisation granted by the Annual General Meeting of
16 December 2009, SinnerSchrader AG will start buy backs on the market
tomorrow. The programme is initially limited to a total of EUR 0.2 million.
The repurchases will, however, be stopped as soon as the authorisation for
such repurchases runs out on 15 December 2013 or as soon as SinnerSchrader
AG's holdings of treasury stock reach 10 per cent of common stock.
The programme serves the purposes authorised by the Annual General Meeting
and therefore all of the purposes permissible under Article 71 para. 1 No.
8 of the German Stock Corporation Act ('Aktiengesetz'), in particular the
future delivery of stock to employees of the SinnerSchrader Group
exercising stock options granted to them. Under the terms of this
repurchase of treasury stock, the purchase price per share (excluding
ancillary purchasing costs) may not be more than 10 per cent above or below
the average closing price on the Xetra market on the five trading days
prior to the purchase.
A bank has been instructed to execute the repurchases. The bank was bound
to act in accordance with the trading conditions stipulated in Article 5 of
Regulation (EC) No. 2273/2003 issued by the Commission on 22 December 2003.
SinnerSchrader will provide information about the scope of the repurchases
that were transacted, indicating the purchase dates, the number of shares,
and the prices at which the repurchases were made, within seven trading
days at the latest, on its website for investors www.sinnerschrader.ag
under 'The Share'. The company will also report on the repurchase programme
and its treasury stock within the scope of periodical financial reporting
as well as at the next Annual General Meeting. Currently, SinnerSchrader
holds 420,152 shares of Treasury stock.
ABOUT SINNERSCHRADER
SinnerSchrader is one of Europe's leading digital agencies. With a focus on
e-commerce, strategy and communication, SinnerSchrader offers the full
range of digital agency services: conception, design and development of web
platforms, mobile apps, service design, campaigns, media, analytics and
audience management. SinnerSchrader stands for technological excellence.
450 employees - around 200 of whom are developers - realise marketing
solutions for brands such as Allianz, comdirect bank, Holy Fashion Group,
REWE, simyo,?KODA, Tchibo and TUI. SinnerSchrader was founded in 1996,
went public in 1999 and has offices in Hamburg, Berlin, Frankfurt am Main,
Munich, Prague and Hanover.
CONTACT FOR PRESS AND PUBLIC RELATIONS
Benjamin Nickel
Head of Corporate Communications
presse(at)sinnerschrader.com
CONTACT FOR INVESTOR RELATIONS
Thomas Dyckhoff
CFO
ir(at)sinnerschrader.com
SinnerSchrader Aktiengesellschaft
Völckersstraße 38
22765 Hamburg
T. +49. 40. 39 88 55-0
F. +49. 40. 39 88 55-55
End of Corporate News
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19.09.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: SinnerSchrader AG
Völckersstraße 38
22765 Hamburg
Germany
Phone: +49 (0)40 39 88 55-0
Fax: +49 (0)40 39 88 55-55
E-mail: ir(at)sinnerschrader.com
Internet: www.sinnerschrader.com
ISIN: DE0005141907
WKN: 514190
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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231093 19.09.2013
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Unternehmensinformation / Kurzprofil:
Datum: 19.09.2013 - 17:28 Uhr
Sprache: Deutsch
News-ID 298433
Anzahl Zeichen: 5562
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Kategorie:
Business News
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