All Stories
Follow
Subscribe to Westag & Getalit AG

Westag & Getalit AG

euro adhoc: Westag & Getalit AG
Buybacks
Westag & Getalit AG launches share buy-back programme

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
31.05.2005
Having obtained the Supervisory Board’s approval, the Management
Board of Westag & Getalit AG has decided to repurchase up to 300,000
Westag & Getalit AG preference shares at favourable prices. This
buy-back programme was authorised by the August 12, 2004 Annual
General Meeting in accordance with Section 71 Paragraph 1 (8) of the
German Stock Corporation Act (AktG). The programme commences on June
1, 2005.
The shares will be bought back through the stock market at prices
which are no more than 10% higher or lower than the average closing
price of the preference shares on the Frankfurt stock exchange on the
three days preceding a repurchase.
Even though the declining profit trend seen in the first quarter of
the current financial year will apparently become even more
pronounced in the second quarter, the Management Board anticipates an
improved profit performance in the medium term and therefore
considers the company’s own shares to be an attractive investment.
end of announcement                    euro adhoc 31.05.2005 16:32:10 

Further inquiry note:

Felix Huisgen
Tel.: +49 (0)5242 17 5350
E-Mail: huisgen@westag-getalit.de

Branche: Building materials
ISIN: DE0007775207
WKN: 777520
Index: Prime Standard, Prime All Share
Börsen: Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing

Original content of: Westag & Getalit AG, transmitted by news aktuell

More stories: Westag & Getalit AG
More stories: Westag & Getalit AG