All Stories
Follow
Subscribe to Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

ots Ad hoc-Service: Ludwig Beck a. Rathauseck <DE0005199905> Ludwig Beck AG starts share buy-back

Munich (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Ludwig Beck AG is going ahead with a
share buy- back programme. With the approval of the company's
Supervisory Board, the Board of Management has decided to make use of
the authorization given to it by resolution of the General Meeting of
Shareholders on 17 May 2000 for a fixed term ending on 31 October
2001, enabling the acquisition of 336,000 of the company's individual
share certificates (representing 10 per cent of the share capital).
The buy-back starts today via the stock exchange.
These shares are being acquired for the purposes of resale and,
within the framework of Ludwig Beck AG's growth strategy, are
intended to be used - as far as possible - as "acquisition currency"
for the purchase of companies or the acquisition of interests in
them.
The first half of 2000 has again seen continuing sales growth at
Ludwig Beck AG, with gross turnover increasing by 1.3 per cent. The
half- yearly report containing detailed information on sales and
income will be issued on 14 August.
Ludwig Beck AG Investor Relations - Lothar Fiss Tel. +49 89
23691-663, Fax +49 89 23691-600 e-mail:  lothar.fiss@ludwigbeck.de
End
Internet: http://recherche.newsaktuell.de

Original content of: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG, transmitted by news aktuell

More stories: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
More stories: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG