DGAP-News: Heliad Equity Partners continues share buyback program ++ Previously purchased own shares will be withdrawn
(firmenpresse) - DGAP-News: Heliad Equity Partners GmbH&Co. KGaA / Key word(s): Share
Buyback
Heliad Equity Partners continues share buyback program ++ Previously
purchased own shares will be withdrawn
31.08.2011 / 19:19
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Since 7 June 2011 to date, Heliad Equity Partners (ISIN: DE000A0L1NN5) has
purchased 323,996 shares within the share buyback program. These purchased
shares will be withdrawn together with the 874,500 treasury stock shares
already held before. The share capital is reduced by the number of shares.
This will increase the share of each shareholder in the assets of the
Company.
Management and Supervisory Board have decided the withdrawal today. The
required amendment to the statutes will be implemented in the next few
days.
The share buyback program continues pursuant to the authorization of the
Annual General Meeting of 29 June 2011 to acquire own shares. According to
this authorization, the company can buy back a total of up to ten percent
of the company's share capital, corresponding to up to 1,214,580 individual
registered shares. The total includes the 237,997 shares that were
purchased after 29 June 2011. A total of up to 976,583 shares are therefore
still available for further acquisition. After achieving the 10 percent
range, the Management Board intends to propose a withdrawal of the own
shares to the Supervisory Board, whereby the number of the outstanding
shares would decrease accordingly. Given that currently Heliad's share is
quoted far below its NAV of EUR 5.63, a share buyback following a
withdrawal is an appropriate way within the interest of all shareholders to
increase the asset value per share.
The share buyback program will continue as before on the stock exchange.
Pursuant to the authorization, shares will continue not being purchased at
a price that is above that of the last independent transaction or above the
highest current independent bid in the Xetra trading.
++ About Heliad
Heliad is an investment company that supports companies in growth and
change phases as Equity Partner. Special criteria of the investment
strategy are the active support of investment companies and the ability to
implement appropriate individual financing solutions. Thus Heliad invests
in listed and unlisted companies and can invest in majority and minority
interests. About Heliad visit www.heliad.com.
Contact:
Heliad Equity Partners GmbH&Co. KGaA
Andreas Lange
Managing Director
Phone: +49 69 71 91 59 65 0
E-mail: investor-relations(at)heliad.com
End of Corporate News
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31.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Heliad Equity Partners GmbH&Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Germany
Phone: +49 69 71 91 59 65 0
Fax: +49 69 71 91 59 65 11
E-mail: info(at)heliad.com
Internet: www.heliad.com
ISIN: DE000A0L1NN5
WKN: A0L1NN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
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137845 31.08.2011
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Unternehmensinformation / Kurzprofil:
Datum: 31.08.2011 - 19:19 Uhr
Sprache: Deutsch
News-ID 61225
Anzahl Zeichen: 5848
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Kategorie:
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