CEWE STIFTUNG & CO. KGAA (FRA:CWC) CEWE decides to buy back own company shares
Transparency directive : regulatory news
02/03/2020 14:27
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DGAP-Ad-hoc: CEWE Stiftung & Co. KGaA / Key word(s): Share Buyback
CEWE decides to buy back own company shares
02-March-2020 / 14:27 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.
CEWE decides to buy back own company shares
Oldenburg, 2 March 2020. The Board of Management of CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) resolved today to buy back up to 100,000 own company shares on the stock exchange with a volume of up to EUR 50 million in the period from 3 March 2020 to 1 April 2021. The repurchase is based on authorisation granted at the Annual General Meeting of 31 May 2017 to acquire up to 10 % of the company's own shares. The equivalent value per share (excluding extra acquisition charges) may not exceed the stock exchange quotation determined in the opening auction in XETRA trading on the Frankfurt Stock Exchange on the relevant trading day by more than 10 %.
The repurchase of shares is to be exercised independently and without the influence of the company by ODDO BHF Aktiengesellschaft, Frankfurt, upon application of the safe harbour regulations.
CEWE Stiftung & Co. KGaA provides information on the daily progress
of the repurchase program on the company's website at https://ir.cewe.de/websites/cewe/English/1000/the-cewe-share.html
Person making the notification: Axel Weber
Head of Investor Relations
CEWE Stiftung & Co. KGaA
email: IR@cewe.de
02-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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| Language: |
English |
| Company: |
CEWE Stiftung & Co. KGaA |
|
Meerweg 30-32 |
|
26133 Oldenburg |
|
Germany |
| Phone: |
+49 (0)441 40 4-1 |
| Fax: |
+49 (0)441 40 4-42 1 |
| E-mail: |
IR@cewe.de |
| Internet: |
www.cewe.de |
| ISIN: |
DE0005403901 |
| WKN: |
540390 |
| Indices: |
SDAX |
| Listed: |
Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: |
987313 |
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| End of Announcement |
DGAP News Service |
987313 02-March-2020 CET/CEST
