DGAP-Adhoc: Basler AG: Basler ends share buyback program and sells block of shares

2019. március 29., péntek, 13:08





DGAP-Ad-hoc: Basler AG / Key word(s): Transaction in Own Shares


Basler AG: Basler ends share buyback program and sells block of shares


29-March-2019 / 13:08 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


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




Insider Information according to Article 17 MAR



Basler AG:

Basler ends share buyback program and sells block of shares


Ahrensburg, March 29, 2019 - The management of Basler AG, the leading global manufacturer of industrial cameras, has decided to end with immediate effect the share buyback program started on September 17, 2018.



Furthermore, the management board has decided to sell 3.72 % (130,200 pieces) of the 8.4 % of own shares held by Basler to 7 Industries B. V. at a price of Euro 160.00 per piece. 7 Industries B. V. is a family office owned by Ruthi Wertheimer making long-term investments in leading industrial and life science technology companies.



Due to this sale, the number of shares in circulation increases to 3,335,919 pieces. Against this background, the dividend proposal to be voted on in this year"s shareholders" meeting on May 16, 2019, will change from Euro 1.59 to Euro 1.53 per share since the number of shares in circulation increases. The distribution follows the company"s dividend policy according to which 30 % of the net results are distributed every year.


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Basler is the leading manufacturer of high-quality cameras and camera accessories for industry, medicine, traffic and a variety of other markets. The company"s product portfolio encompasses area scan and line scan cameras in compact housing dimensions, camera modules in board level variants for embedded solutions, and 3D cameras. The catalog is rounded off by our user-friendly pylon SDK plus a broad spectrum of accessories, including several developed specially for Basler and optimally harmonized for our cameras. Basler has three decades of experience in computer vision. The company is home to approximately 800 employees, at its headquarters in Ahrensburg, Germany, and at its subsidiaries and sales offices in Europe, Asia, and North America.



Basler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 - 62, 22926 Ahrensburg, Tel. +49 (0)4102-463100, ir/baslerweb.com, www.baslerweb.com, ISIN DE 0005102008






Contact:

Basler AG

Verena Fehling

Tel. +49 4102 463 101

Email: Verena.fehling@baslerweb.com








29-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Basler AG

An der Strusbek 60-62

22926 Ahrensburg

Germany
Phone: 04102-463 0
Fax: 04102-463 109
E-mail: ir@baslerweb.com
Internet: www.baslerweb.com
ISIN: DE0005102008
WKN: 510200
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 793621





 
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793621  29-March-2019 CET/CEST







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