Frankfurt am Main | November 19, 2010
euromicron decides to sell treasury shares
In 2007 and 2008, euromicron AG conducted a share buyback program with the objective of using treasury shares as an acquisition currency. The company purchased a total of 157,234 of its own shares under this program.
With the consent of the Supervisory Board, the Executive Board adopted a resolution on November 19, 2010 to sell its 157,234 treasury shares on the stock market. The reason for doing so at the present time is the large demand for shares in euromicron as a result of its good business performance and the fact that the company did not need to use its own shares as currency in the acquisitions it has made in the past years.
The shares will go on sale on November 24, 2010. equinet Bank AG, Frankfurt/Main, has been commissioned to sell them. The shares will be sold on the stock market.
euromicron AG (www.euromicron.de) is an all-round solution provider for communications, data and security networks. Its network infrastructures integrate voice, video and data transport via fibre optic, copper- and wireless-technologies. euromicron builds leading applications, such as security, control, healthcare or surveillance systems, on the basis of these cutting-edge network infrastructures.
Founded on its expertise as a developer and producer of fiber-optic components, euromicron AG is now a strongly growing, highly profitable group that is listed on the stock market, has a medium-sized character and focuses on operational growth, integration and further market penetration, internationalization and expansion.