K+S Aktiengesellschaft

euro adhoc: K+S Aktiengesellschaft
K+S Resolves Share Repurchase Programme

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@


The Annual General Meeting of K+S Aktiengesellschaft (K+S AG) held on 11 May 2005 authorized the Board of Executive Directors to acquire own shares totalling up to 10% of the share capital on the stock exchange in order to cancel them without any further resolution of the Annual General Meeting; this corresponds to a maximum 4.25 million shares.  The repurchase authorisation is valid until 31 October 2006. In exercising this authorisation granted by the Annual General Meeting, the K+S AG Board of Executive Directors resolved a share repurchase programme via the stock exchange on 7 October 2005. Under the programme, 1,250,000 shares, i.e. just under 3% of the share capital, are to be acquired by the end of the year: At the current share price, this corresponds to just over EUR 70 million. The purpose of the purchase is to subsequently cancel the shares in order to streamline the capital structure of K+S AG.  The purchase price of the shares being bought back (excluding ancillary acquisition costs) may not be 5% above or below the weighted average of the stock exchange price of the shares in the XETRA computerized trading system for the last five exchange trading days preceding the acquisition. The repurchase will shortly be effected by a credit institution that will decide about the timing of individual repurchases independently of K+S AG and without being influenced by it. Further information will made available on www.k-plus-s.com during the repurchase process.

K+S Aktiengesellschaft 7. October 2005, Kassel The Board of Executive Directors

@@start.t2@@end of announcement                                                 euro adhoc 07.10.2005 15:51:42

ots Originaltext: K+S Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christian Herrmann
Tel.: +49 (0)561 9301 1460
E-Mail: christian.herrmann@k-plus-s.com

Branche: Chemicals
ISIN:      DE0007162000
WKN:        716200
Index:    Midcap Market Index, MDAX, Prime Standard, CDAX, Classic All
              Share, HDAX, Prime All Share
Börsen:  Bremer Wertpapierbörse (BWB) / regulated dealing
              Berliner Wertpapierbörse / official dealing
              Hamburger Wertpapierbörse / official dealing
              Baden-Württembergische Wertpapierbörse / official dealing
              Frankfurter Wertpapierbörse / official dealing
              Börse Düsseldorf / official dealing
              Niedersächsische Börse zu Hannover / official dealing
              Bayerische Börse / official dealing

Weitere Meldungen: K+S Aktiengesellschaft

Das könnte Sie auch interessieren: