Alle Storys
Folgen
Keine Story von WEB.DE AG mehr verpassen.

WEB.DE AG

euro adhoc: ComBOTS AG
Buybacks
ComBOTS AG starts new Share Buyback Program

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
23.11.2005
The Executive Board of ComBOTS AG (former WEB.DE AG, ISIN: DE 000 529
650 3), Karlsruhe, has decided to start a new share buy back program
on the basis of the authorization granted by the Annual General
Meeting of July 6/7, 2005. The program will commence on November 24,
2005. Shares will be bought back over the stock exchange only.
Pursuant to the authorization, ComBOTS AG may buy back up to 3.8
million shares, representing just under 10 percent of the issued
share capital, until January 5, 2007. The Company already holds 2.17
mln. own shares from earlier share buy back programs.
Executing the program, the purchase price paid per share (excluding
transaction costs) must not exceed the arithmetic mean of the XETRA
closing prices on the four exchange trading days preceding the
respective acquisition of own shares by more than 10 percent, or fall
short of such mean by more than 20 percent.
The Executive Board is authorized to sell the shares which were
bought back under this share buy back program as well as the own
shares already held over the stock exchange or, subject to the
principle of equal treatment, by means of an offer for sale to all
existing shareholders. The Executive Board is also authorized,
subject to approval of the Supervisory Board, to use all shares
bought back for the acquisition of companies or to grant them to
employees or members of the Executive Board of the company or its
affiliated companies who are entitled to receive such shares pursuant
to share options granted under the existing share option program.
Pursuant to the authorisation, the bought back shares may also be
used for other purposes, provided the issue price does not fall
materially short of the then existing stock exchange price, or may be
cancelled.
The Executive Board sees this measure, as in case of the already
completed share buy back programme, as a contribution towards
increasing the shareholder value for all ComBOTS shareholders. The
share buy back program will initially be limited to a maximum
purchase price of EUR 11.10. At this share price the obligation of
the company to buy back shares pursuant to the court settlement dated
October 12, 2005, with shareholder plaintiffs, becomes invalid.
The company will publish the transactions under the share buy back
program according to Regulation (EC) No. 2273/2003 on its Website
www.combots.com.
Further informations on www.combots.com.
end of announcement                               euro adhoc 23.11.2005 09:20:06

Further inquiry note:

Silvia Teschner
Junior Referentin IR
Tel.: +49 (0)721 5160 0
E-Mail: ste@combots.com

Branche: Online
ISIN: DE0005296503
WKN: 529650
Index: TecDAX, HDAX, Midcap Market Index, Prime All Share, CDAX
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade

Weitere Storys: WEB.DE AG
Weitere Storys: WEB.DE AG