Ad hoc: Hornbach-Baumarkt-AG: Board of Management of HORNBACH-Baumarkt-AG resolves share buyback to
(Thomson Reuters ONE) - Hornbach-Baumarkt-AG / Share buyback / Ad hoc: Board of Management of HORNBACH-Baumarkt-AG resolves share buyback tofacilitate issue of shares to employees Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------Bornheim, August 10, 2009. The Board of Management ofHornbach-Baumarkt-AG, based in Bornheim/Pfalz, ISIN DE0006084403,today resolved to acquire up to 20,000 own shares pursuant to Section71 (1) No. 2 of the German Stock Corporation Act (AktG). The sharesare to be acquired already in preparation for the annual issue ofshares to employees scheduled to take place at the end of 2009.The buyback of shares on the basis of this management boardresolution is to be undertaken in accordance with the safe harborregulations set out in Section 20a (3) of the German SecuritiesTrading Act (WpHG) in conjunction with Regulation (EC) No. 2273/2003of the European Commission dated December 22, 2003.The buyback of shares will begin on August 11, 2009 and will run fora limited period expiring on December 31, 2009. The purchase price tobe paid by the company per share (excluding acquisition expenses) maynot 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 theaverage of the closing prices in Xetra trading at the Frankfurt StockExchange on the five stock market trading days immediately precedingthe respective acquisition. Moreover, the shares will not be acquiredat a price in excess of that determined pursuant to Article 5 (1) ofRegulation (EC) No. 2273/2003 of the European Commission dated22 December 2003.Further information concerning the buyback of shares has beenpublished in the "Investor Relations/Share buyback" section on theinternet and can be found at the following URL:http://www.hornbach-holding.com/investor/en/php/cont_investor_buyback.phpMoreover, the transactions executed will also be published at thisaddress pursuant to Article 4 (4) of Regulation (EC) No. 2273/2003 ofthe European Commission dated December 22, 2003. --- End of Message ---Hornbach-Baumarkt-AGHornbachstrasse 11 Bornheim bei Landau GermanyWKN: 608440; ISIN: DE0006084403; Index: CDAX, Prime All Share;Listed: Prime Standard in Frankfurter Wertpapierbörse, Regulierter Markt in Frankfurter Wertpapierbörse, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg;
Datum: 10.08.2009 - 12:39 Uhr
Sprache: Deutsch
News-ID 4529
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