Wella AG
Wella AG english
Ad hoc announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Ad Hoc Notice pursuant to Article 15 WpHG (Securities Trading Act): Stock buy
back announcement
The Management Board of Wella AG, Darmstadt, has decided that they will
partially utilize the authorization to buy back ordinary and/or preferred
shares of stock that was approved during the Annual General Meeting of
Shareholders held on May 22, 2001.
The terms of the authorization measure, which expires on November 22, 2002,
permits the buy back of stock up to the equivalent of 10% of the Company’s
share capital.
The stock buy back will take place via the stock exchange and will take current
market developments into consideration.
The share price paid by the Company may not exceed or be below 5% of the
average of the official quotation (Einheitskurs) of the ordinary or preferred
shares of Wella AG noted on the Frankfurt Stock Exchange for the three previous
trading days.
Contact:
Investor Relations: Unternehmenskommunikation:
Michaela Wanka Cornelius Blanke
phone: ++49-6151-342209 phone: ++49-6151-342325
fax:++49-6151-343048 fax:++49-6151-343298
e-mail: mwanka@wella.de e-mail: cblanke@wella.de
end of ad hoc announcement (c) DGAP 11.07.2001
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WKN: 776 560; Index: MDAX
Listed: Amtlicher Handel in Frankfurt und Berlin; Freiverkehr in Düsseldorf,
Hamburg und Stuttgart; Schweizer Börse (Hauptsegment) und Wien;
110749 Jul 01
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