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Gerry Weber International AG announces share buy-back programme
03/15/2017
Gerry Weber International AG announces share buy-back programme
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Gerry Weber International AG / Key word(s): Share Buyback Publication of insider information (ad-hoc announcement) pursuant to Article 17 MAR
Halle/Westphalia, 15 March 2017: The Managing Board of GERRY WEBER International AG has decided today with the approval of the Supervisory Board to take advantage of the authorisation granted by the Annual General Meeting on 16 April 2015 and to carry out a share buy-back programme in an amount of up to 500,000 shares of GERRY WEBER International AG (ISIN: DE0003304101) up to a maximum total purchase price (excl. ancillary expenses) of up to EUR 5.0 million ("share buy-back programme"). Based on the current share price (EUR 10.75 Xetra closing price as at 14 March 2017), this would be equivalent to up to 500,000 shares or to approx. 1.09% of the registered share capital of the company. The buy-back will be executed between 21 March 2017 and 31 October 2017. The repurchased shares are to be redeemed. Further details of the share buy-back programme will be announced separately prior to its commencement. Admitted to the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) GERRY WEBER International AG
15-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Gerry Weber International AG |
| Neulehenstraße 8 | |
| 33790 Halle/Westfalen | |
| Germany | |
| Phone: | +49 (0)5201 185-0 |
| Fax: | +49 (0)5201 5857 |
| E-mail: | c.kellert@gerryweber.de |
| Internet: | www.gerryweber-ag.de |
| ISIN: | DE0003304101 |
| WKN: | 330410 |
| Indices: | SDAX |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |
