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07.11.2000 – 18:20

Renk Aktiengesellschaft

ots Ad hoc-Service: Renk AG RENK AG launches share repurchase program

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------     Augsburg (ots Ad hoc-Service) -The executive board of RENK AG has decided, with the approval of the company's supervisory board, to make use of the authorization to repurchase proprietary shares. This authorization was granted by the company's annual general assembly of shareholders, meeting on November 7, 2000. First, this will take the form of repurchasing, on stock exchanges, of up to 5% of the company's capital stock, i.e. up to 350,000 shares. The price paid for these shares is not to vary more than 10% from the average of the daily fixed quote in official trading on the Bavarian Stock Exchange during the preceding five days of business. The next annual general assembly of shareholders, due to the rescheduled company's financial year, will be already held on May 17, 2001. The executive board will then report on the results of its repurchasing program, and on its decision whether or not to set it forth.

    RENK Aktiengesellschaft Der Vorstand

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Original-Content von: Renk Aktiengesellschaft, übermittelt durch news aktuell

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