Mühlbauer Holding AG
Mühlbauer Holding english
Present price level an opportune moment for the repurchase of own shares
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Present price level an opportune moment for the repurchase of own shares
Roding, June 19, 2002 – Also in the year 2002 Muehlbauer Holding AG & Co. KGaA,
worldwide leader of turnkey solutions for the production of smart cards and
smart labels, plans the repurchase of own shares. The annual general meeting
decision of April 26, 2002 lifted the decision from 2001, what was still valid
at that time, and authorized the personally liable shareholder, as a
representative of the company, to purchase shares up to a volume of ten per cent
of the total share capital or 627,920 shares. Further the authorization can be
exercised in partial amounts, once or several times. The validity extends from
the annual general meeting on April 26, 2002 until September 30, 2003.
The strategic advantage mainly lies in the high flexibility of being able to
react immediately to changing situations in markets and competition. The
currently low price level marks an opportune moment for the repurchase of own
shares and thereby generates advantages for both the company and its stock-
holders. At the same time Muehlbauer Holding AG & Co. KGaA is expecting an
increasing public attention by the admission to the Nemax 50 index on June 24,
2002.
With the decision of the annual general meeting, the purchase price per share
must not exceed the price determined in the opening auction of XETRA trading of
the Deutsche Börse AG or of successor system taking place of the XETRA system by
more than 5 percent and it must not be more than 25 percent below it. The
purchase of own shares does not include traffic in own shares. On the other hand
the shares can be sold to the bearer of subscription rights in the framework of
a stock option program. In addition, employees and/or members of the board of
management of the company or of an allied company may be offered purchased
shares. The planned repurchase would also permit the company to have shares of
its own in return for the acquisition of enterprises or participations in
enterprises at the disposal. For further information or queries the investor
relations department is of course at your disposal: Armin Polster, Tel.:
+49(9461) 952-653, Fax: +49(9461) 952-8520, E-Mail: armin.polster@muehlbauer.de
, Mühlbauer Holding AG & Co. KGaA, Werner-von-Siemens-Str. 3, D-93462 Roding,
http://www.muehlbauer.de
end of ad-hoc-announcement (c)DGAP 19.06.2002
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WKN: 662720; ISIN: DE0006627201; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
190829 Jun 02
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