Elmos Semiconductor AG decides stock repurchase program of own shares via the stock exchange
Today, the Management Board of Elmos Semiconductor AG (FSE: ELG), Dortmund, Germany, decided, with the Supervisory Board's consent, the execution of a stock repurchase program of own shares via the stock exchange.
According to the resolutions, the purchase price for the acquisition of the company's shares may altogether not exceed 21,108,689 Euro (excluding transaction costs). The price per share is not allowed to exceed 21.00 Euro (excluding transaction costs). Up to 1,005,176 own shares (ISIN DE0005677108) (equal to approx. 5.0 % of the current share capital of Elmos Semiconductor AG) are intended to be bought back. The shares to be acquired may be used for any of the purposes stated in the authorization to purchase and utilize own shares given by the General Meeting of May 16, 2018.
The buyback is scheduled to be started in a timely manner and ends on December 31, 2019 at the latest. The stock repurchase program may be suspended and resumed at any time within the above-mentioned period as well as terminated earlier by the Management Board in compliance with applicable laws.
About Elmos Elmos develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient.Contact Elmos Semiconductor AG Thalea Blunk, Head of Investor Relations, Fon: +49231?7549?273 Mathias Kukla, Press Relations, Fon: +49231?7549?199 Email: email@example.com
07-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Elmos Semiconductor AG Heinrich-Hertz-Str. 1 44227 Dortmund
Germany Phone: +49 (0)231 7549-510 Fax: +49 (0)231 7549-111 E-mail: firstname.lastname@example.org Internet: http://www.elmos.com ISIN: DE0005677108 WKN: 567710 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
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