FranconoWest AG
FranconoWest AG decides share repurchase offer
FranconoWest AG / Share Buyback
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
———————————————————————-
Düsseldorf, July 2, 2009. FranconoWest AG (ISIN DE000A0KFRM5/ WKN A0KFRM)
On the basis of the authorization of the Annual General Meeting of May 20,
2009, the Board of Directors of FranconoWest AG reached a decision on July
2, 2009 to purchase up to 10,000,000 individual share certificates of the
company in the course of a public tender offer. In return, the company
shall offer those shareholders, who decide to accept this offer, payment in
the amount of EUR 1.00 for each share. The time limit for the acceptance of
this tender offer runs from July 7, 2009 to July 21, 2009, 5 p.m. (CET
summertime).
The repurchase of own stock shall be carried out in accordance with the
requirements of the decision regarding the recovery and authorization of
the Board of Directors to purchase own stock, which was reached by the
Annual General Meeting of FranconoWest AG on May 20, 2009.
Silvia Quandt & Cie. AG is mandated with the execution of the share
repurchase offer as accompanying bank.
Further details pertaining to the planned repurchase are contained in the
tender document for the public share repurchase offer. These are available
for downloading under www.franconowest.de as from July 7, 2009 and shall be
published in the electronic Federal Gazette.
Guido Dollhausen
For further information, please contact:
FranconoWest AG
Guido Dollhausen
Kaistraße 20
40221 Düsseldorf (MedienHafen)
Phone: +49 (0) 211 / 90 99 6 -200
Fax: +49 (0) 211 / 90 99 6 -201
Email: info@franconowest.de
URL: www.franconowest.de
02.07.2009 Financial News transmitted by DGAP
———————————————————————-
Language: English
Issuer: FranconoWest AG
Kaistraße 20
40221 Düsseldorf
Deutschland
Phone: +49 (0)211 90 996 200
Fax: +49 (0)211 90 996 201
E-mail: info@franconowest.de
Internet: www.franconowest.de
ISIN: DE000A0KFRM5
WKN: A0KFRM
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Düsseldorf, München, Stuttgart
End of News DGAP News-Service
—————————————————————————
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden