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SinnerSchrader continues its share buy-back programme
Geschrieben am 01.04.2008 - [Nächster Artikel] |
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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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shares/share buy-back programme
Hamburg (euro adhoc) - 1 April 2008
The Management Board and the Supervisory Board of SinnerSchrader AG
have decided to continue the share buy-back programme which started
in July 2007 and was limited in time to 31 March 2008. The buy-back
programme was extended for another three months to 30 June 2008.
The programme continues serving the purposes authorised by the
shareholders' meeting, and therefore all of those permissible under
section 71 subsection 1 no. 8, German Stock Corporation Act (AktG).
Under the terms of this repurchase of treasury stock, the purchase
price per share (excluding ancillary purchasing costs) may not be
more than 10% above or below the average closing price on the Xetra
index on the five trading days prior to the purchase.
The repurchases will be transacted in the period from 2 April 2008 to
30 June 2008, but none will be executed after SinnerSchrader AG's
holdings of treasury stock will have reached the 10% threshold of
common stock that had been stipulated at the shareholders' meeting.
SinnerSchrader will provide information about the volume of the
transactions under the programme, indicating the purchase dates, the
number of shares and the prices at which the repurchases were made,
within seven trading days at the latest, on its website for investors
www.wkn514190.de. The company will also report on the buy-back
programme within the scope of periodical financial reporting as well
as at the next shareholders' meeting.
A bank was instructed to execute the repurchases. The bank was bound
to act in accordance with the trading conditions stipulated in
Article 5 of Regulation (EC) No. 2273/2003 issued by the Commission
on 22 December 2003.
About SinnerSchrader
SinnerSchrader is a leading interactive agency in Germany.
SinnerSchrader develops interactive customer experiences which
radically intensify the relationship between brands and consumers.
SinnerSchrader was founded in 1996, has been listed on the stock
exchange since 1999, and has over 150 employees in Hamburg and
Frankfurt am Main.
Contact:
SinnerSchrader Aktiengesellschaft
Thomas Dyckhoff, CFO
T. +49. 40. 39 88 55-0
Martin Recke, Corporate Communication
T. +49. 40. 39 88 55-181
E-mail: ir@sinnerschrader.de
F. +49. 40. 39 88 55-100
end of announcement euro adhoc
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ots Originaltext: SinnerSchrader Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Investor Relations
Phone: +49 (40) 398855-150
E-Mail: ir@sinnerschrader.de
Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade
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