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Ad hoc notificatons |
euromicron AG decides on share buyback program
Frankfurt am Main, November 23, 2006 – The Executive Board of euromicron AG has decided on November 23, 2006, to hold a share buyback program on the basis of the authorization granted by the General Meeting on June 23, 2006.
The current fine performance and high profitability of euromicron AG and the company’s ability to generate large cash flows on a sustained basis mean that it has the opportunity to conduct the share buyback as a means of supporting its growth strategy. Against this back-drop, the shares to be bought back can be used to underpin the growth strategy and, if ap-plicable, as an acquisition currency.
The shares will be bought back on the stock market between November 27, 2006, and April 30, 2007. The buyback program will affect a maximum of 5% of the capital stock (233,000 shares). The purchase price per share must not be more than 10% above or below the stock market price stipulated by the authorization.
The services of a bank will be enlisted for the buyback. The bank will take decisions on when to buy back shares independently and without any influence from euromicron AG.
The company will publish the number of acquired shares on its Website (www.euromicron.de) every week.
euromicron AG is one of the leading solution providers of communications systems and security networks and boasts production expertise in the field of fiber optics technology.
If you have any further questions, please contact:
Dr. Willibald Späth Ulrike Hauser |
euromicron AG |