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Westag & Getalit AG

EANS-Adhoc: Westag & Getalit AG
Westag & Getalit AG starts share buyback

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
13.01.2010
The Management Board of Westag & Getalit AG has decided, with the 
consent of the Supervisory Board, to buy back own preference shares 
representing up to ten percent of the company´s current share capital
between January 13, 2010 and March 17, 2010. The Management Board 
thus takes advantage of the authorisation granted by the ordinary 
Annual General Meeting dated August 18, 2009 to acquire own shares in
accordance with Section 71 (1) No. 8 of the German Stock Corporation 
Act (AktG).
The shares will be acquired via the stock exchange. The purchase 
price (excl. incidental expenses) must not be more than 10% higher or
lower than the closing prices of the preference shares recorded at 
the Frankfurt stock exchange on the three days preceding each 
purchase.
The company will commission a bank to manage the buyback programme. 
This bank will have full discretion about prices and limits and will 
take its decisions regarding the timing of the share purchases 
independently and free from interference by the company. The bank is 
obliged to comply with the trading conditions laid down in Article 5 
of Commission Regulation (EC) No 2273/2003 of December 22, 2003. The 
daily upper volume limit for the buyback is subject to the average 
daily turnover in the stock, which will be calculated on the basis of
the average daily trading volume during the 20 trading days preceding
each purchase.
end of announcement                               euro adhoc

Further inquiry note:

Felix Huisgen
Tel.: +49 (0)5242 17 5350
E-Mail: huisgen@westag-getalit.de

Branche: Building materials
ISIN: DE0007775207
WKN: 777520
Index: Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / regulated dealing

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