PRESSEPORTAL Presseportal Logo
All Stories
Follow
Subscribe to BMW AG

20.09.2005 – 12:19

BMW AG

euro adhoc: Bayerische Motoren Werke AG
Buybacks
PROGRAMME TO BUY BACK SHARES OF COMMON STOCK

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
20.09.2005
CONVENIENCE TRANSLATION
ONLY GERMAN VERSION IS BINDING
Disclosure of Price Sensitive Information  (Ad-hoc-information
pursuant to Sec. 15 German Securities Trading Act)
PROGRAMME TO BUY BACK SHARES OF COMMON STOCK
Munich, September 20, 2005
On May 12, 2005 the Annual General Meeting of Shareholders of
Bayerische Motoren Werke Aktiengesellschaft (BMW AG) authorised the
Board of Management to buy back BMW AG shares via the stock exchange
up to a maximum of 10% of the share capital in place at the date of
the resolution and to withdraw such shares from circulation without
any requirement for a further resolution at the Annual General
Meeting. The authorisation to buy back stock remains valid until
November 11, 2006. The purchase price paid by BMW AG per share
(excluding transaction costs) may not be more than 10% above or below
the market price as determined on the date of trading by the opening
auction in the XETRA trading system.
Based on the authorisation given by the Annual General Meeting of
Shareholders on May 12, 2005, the Board of Management of BMW AG
approved a programme to buy back shares via the stock exchange on
September 20, 2005.
Under this programme, up to 20,232,722 shares of common stock i.e. up
to 3% of the share capital will be bought back. No decision has been
made whether and to what extent BMW AG, with the current 10 %
authorisation, will buy back shares over and above the level of 3%.
The shares are to be bought back for the purpose of a subsequent
withdrawal from circulation and a reduction of share capital.
The buy-back programme will be lead-managed by one or more investment
banks or credit institutions which will determine the timing of
individual purchases independently of, and without any influence
being exerted by, BMW AG.
Further information will be made available during the course of the
buy-back programme at www.bmwgroup.com/ir.
BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT
Petuelring 130
D - 80788 Munich
end of announcement                               euro adhoc 20.09.2005 11:43:55

Further inquiry note:

Eckhard Wannieck, Corporate Communications,
Tel.: +49-89-382-24118, E-Mail: Eckhard.Wannieck@bmw.de

Branche: Automotive Equipment
ISIN: DE0005190003
WKN: 519000
Index: DAX, Prime Standard, CDAX, Classic All Share, HDAX, Prime All
Share
Börsen: Baden-Württembergische Wertpapierbörse / regulated dealing
SWX Swiss Exchange / regulated dealing
Baden-Württembergische Wertpapierbörse / regulated dealing
SWX Swiss Exchange / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / official dealing
Hamburger Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Bayerische Börse / official dealing
Bremer Wertpapierbörse (BWB) / official dealing
Berliner Wertpapierbörse / official dealing
Hamburger Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Bayerische Börse / official dealing
Bremer Wertpapierbörse (BWB) / official dealing

Original content of: BMW AG, transmitted by news aktuell