DGAP-Adhoc: ADLER Real Estate AG: Share buyback programme resolved

2017. június 16., péntek, 15:02





DGAP-Ad-hoc: ADLER Real Estate AG / Key word(s): Share Buyback


ADLER Real Estate AG: Share buyback programme resolved


16-Jun-2017 / 15:02 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.



Publication of Insider Information pursuant to Article 17 of the Market Abuse Regulation



ADLER Real Estate AG: Share buyback programme resolved



- Maximum total purchase price: EUR 10 million



- Programme to begin on 16 June 2017



 



Berlin, 16 June 2017. The Management Board of ADLER Real Estate AG, Berlin, today resolved to execute a share buyback programme with a maximum total purchase price (excluding ancillary expenses) of up to EUR 10 million. Based on the current share price (XETRA closing price on 15 June 2017), this corresponds to up to 664,451 shares or approximately 1.27% of the company"s current statutory share capital. ADLER is authorised to buy back treasury stock shares by resolution of the Extraordinary General Meeting held in October 2015.



The buyback programme is due to begin on 16 June 2017 and will run for an indefinite period. It will end once the maximum total volume is reached or if the Management Board decides to terminate the programme. ADLER intends to use the treasury shares as acquisition currency should suitable market opportunities arise. The company will not trade its treasury stock.



The shares will be acquired via the stock exchange taking due account of the provisions of Regulation (EU) No. 596/2014 of the European Parliament and Council of 16 April 2014 on market abuse ("Market Abuse Regulation") and on the basis of Article 5, section 6 of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and of the Council with regard to regulatory for the conditions applicable to buy-back programmes and stabilisation measures ("Delegated Regulation") and the volume limits, further restrictions on acquisitions and disclosure obligations set out therein.



A financial institution will be commissioned to execute the buyback programme.










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Language: English
Company: ADLER Real Estate AG

Joachimsthaler Straße 34

10719 Berlin

Germany
Phone: +49 (0)40 - 29 8130-0
Fax: +49 (0)40 - 29 8130-99
E-mail: info@adler-ag.com
Internet: www.adler-ag.com
ISIN: DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02
WKN: 500800, A14J3Z, A1R1A4, A11QF0
Indices: SDAX, GPR General Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




583623  16-Jun-2017 CET/CEST







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