Broadnet AG
Broadnet Mediascape Comm. english
Management of broadnet mediascape announces acquisition of own shares
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Management of broadnet mediascape announces acquisition of own shares
broadnet mediascape shows faith in it’s stock
Hamburg, October 7th, 2002; The Management Board of broadnet mediascape
communications AG has decided to make use of the possibility to buy back shares.
One reason for the decision is the continuing undervaluation of the share.
Management now shows its faith in the share, strengthening the shareholder value
in the medium term.
The General Meeting has authorized the Management Board on May 31, 2002, to
acquire the corporation’s own shares up to a total value of 10% of the share
capital as of the date of the approval of the resolution, i.e. up to 1.170.528
shares, either through the stock exchange or by public purchase offer circulated
to all stockholders. The authorization expires November 30, 2003.
The shares will be used within the scope predetermined by the general assembly,
namely to dispose of the acquired shares, also for the purpose of acquisition of
other corporations, parts of corporations or interests in corporations to the
exclusion of the preemptive rights of the stockholders, or for redemption
purposes.
The Management Board will inform the General Assembly and the Supervisory Board
about the extend and manner in which the corporation will make use of the
authorization.
Contact:
Sophie Lindemann, s.lindemann@broadnet-mediascape.de, +49 40 66 86 10-188
end of ad-hoc-announcement (c)DGAP 07.10.2002
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WKN: 549 086; ISIN: DE0005490866; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München und Stuttgart
071034 Okt 02
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