Heidelberger Druckmaschinen AG Concludes Second 139 Million Euro Share Buyback Program |
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| 09/06/2007 |
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Heidelberger Druckmaschinen AG (Heidelberg) has concluded the share buyback program, which had begun on November 7, 2006. On the basis of the authorization granted by the Annual General Meeting of July 20, 2006, a total of 4,152,535 shares or five percent of the capital stock at the time of the program's implementation were bought back by September 4, 2007, at an average price of 33.42 Euro. This amounts to a total figure of 138,768,302.29 Euro.
On March 31, 2007, a total of 3,322,658 no-par bearer shares (4.0 percent of out-standing shares) were withdrawn by means of a simplified capital retirement process in compliance with the German Stock Corporation Act, Section 71, para. 1, no. 8, sentence 6.
After completion of the share buyback program, Heidelberger Druckmaschinen AG holds 2,133,113 of its own shares (2.68 percent of outstanding shares).
For further information:
Heidelberger Druckmaschinen AG
Investor Relations
Andreas Trösch
Tel.: +49 (0)6221 92 60 20
Fax: +49 (0)6221 92 51 89
E-mail:
andreas.troesch@heidelberg.com
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Important note
This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.
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