Press release BoxID: 173464 (WashTec AG)
  • WashTec AG
  • Argonstraße 7
  • 86153 Augsburg
  • Contact person
  • +49 (821) 5584-0

WashTec AG relaunches share buy-back program

(PresseBox) (Augsburg, ) Today, WashTec AG relaunched its share buy-back program. The decision was taken by the Management Board with the consent of the Supervisory Board and in execution of the resolution passed by today's annual general meeting. Until November 07, 2009 WashTec may acquire up to a total of 800,000 of its own shares (this corresponds to approx. 5.3% of the current share capital of the company) via the stock exchange.

With this decision, the buy-back program, which has been resolved by the annual general meeting in 2007 and which was started in September 2007, continues. As of April 30, 2008 more than 200,000 own shares have already been bought back in course of the ongoing program.

The shares acquired in this framework, amongst others, shall be used to satisfy stock option rights for shares issued or to be issued in line with the WashTec stock option program. The total volume of these stock options also amounts to up to 800,000 shares. The shares acquired may also be used for a direct or indirect acquisition of companies, parts of companies or stakes in companies. The company reserves its right to cancel acquired shares in full or in part.

The share buy-back program will be executed by a bank nominated by the company.

WashTec AG, Argonstr. 7, 86153 Augsburg
ISIN: DE0007507501
Stock market listing: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Bremen, Düsseldorf, Munich and Stuttgart