Press release BoxID: 627858 (Basler AG)
  • Basler AG
  • An der Stusbek 60 - 62
  • 22926 Ahrensburg
  • Contact person
  • Dietmar Ley
  • +49 (4102) 463100

Basler AG: Resolution adopted about buying additional own shares

(PresseBox) (Ahrensburg, ) Basler AG will buy back additional bearer shares with an equivalent value of up to € 1 million via the stock market. The Management Board of the company together with the Supervisory Board has decided today to take this action. The buyback will be carried out starting on September 25, 2013. The general meeting of May 18, 2010, authorized the company to buy back own shares amounting to a total of up to 10 % of the share capital of the corporation existing at the time the resolution was adopted. The authorization is approved through May 18, 2015. The shares can be used for all purposes provided for in the authorization of the general meeting of May 18, 2010. When acquiring own shares via the stock exchange, the price paid per share (without considering incidental purchase costs) must not differ by more than 10 % from the share price of the company for shares with same conditions as determined on the trading day by the opening auction day for XETRA trade on the Frankfurt stock exchange.

The buyback will be carried out through a credit institution that will decide upon the time of the individual buybacks independently of Basler AG according to Commission Regulation (EC) No 2273/2003 of December 22, 2003.

The credit institution is obligated to adhere to the trading conditions set out in article 5 of the Commission Regulation (EC) No 2273/2003. In terms of volume in particular, a total of 50 % of the average daily volume of the shares on the stock market on which the purchase is carried out must not be exceeded. The average daily volume figure is based on the average daily volume traded in the 20 days preceding the date of purchase.