TIG Themis Industries Group GmbH & Co. KGaA
TIG Themis Industries Group extends share buyback programme
TIG Themis Industries Group GmbH & Co. KGaA / Share Buyback 30.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- TIG Themis Industries Group GmbH & Co. KGaA today decided to extend the share buyback programme already executed from 9 June 2009 to 30 October 2009, acting on the authorisation granted by the Annual General Meeting on 4 September 2008, for a further period until 31 March 2010. Up to 5% of the company's share capital is to be bought back in total (up to 266,601 individual registered shares). Within the current share buyback programme, around 2% of the share capital (115,500 shares) was acquired at an average price of EUR 3.69. The shares thereby bought back may be used for all purposes stipulated in the authorisation granted by the Annual General Meeting, and in particular for the retirement at a later date, use as acquisition currency or disposal of the shares. Furthermore, the shares may be used to service stock option programmes. The extended buyback is to take place in the period from 2 November 2009 until 31 March 2010 and to be executed via the stock market. In line with the authorisation by the Annual General Meeting, the purchase price paid per share by TIG when acquiring shares on the stock market may not be more than 10% higher or lower than the average closing price in Xetra trading on the three trading days prior to the acquisition. Pursuant to the resolution adopted by the personally liable shareholder and the Supervisory Board, the execution of the buyback programme should be managed by a bank which reaches independent decisions uninfluenced by TIG concerning the timing of individual buyback transactions. 'TIG's operations have shown very stable developments in recent months. The robust performance of our share has benefited both from our fund-of-fund portfolio and from our direct investments, especially the /new i-d media AG investment acquired in July 2009. At present, TIG's share price still represents a discount to NAV of around 50%. In view of this, it is only consistent and sensible that we should extend the share buyback programme launched in June 2009', commented Christoph D. Kauter, CEO of TIG Themis Industries Group. ++ About TIG Themis Industries Group The TIG Themis Industries Group is an industrial holding company that specialises in investments in small- and medium-sized companies in turnaround and special situations. Restructuring teams throughout Europe quickly revitalise TIG's equity interests to create competitive, high return companies. These investments are then either sold at a profit or remain in the portfolio as base investments providing high dividends and returns. Contact: TIG Themis Industries Group GmbH & Co. KGaA Christoph D. Kauter Chief Executive Officer Phone: +49 69 71 91 59 65 39 investor-relations@themis-industries.de 30.10.2009 Financial News transmitted by DGAP --------------------------------------------------------------------------- Language: English Company: TIG Themis Industries Group GmbH & Co. KGaA Grüneburgweg 18 60322 Frankfurt am Main Deutschland Phone: 069 - 71 91 59 65 - 0 Fax: 069 - 71 91 59 65 - 11 E-mail: info@themis-industries.de Internet: http://www.themis-industries.de ISIN: DE000A0XYL04 WKN: A0XYL0 Listed: Freiverkehr in Stuttgart; Entry Standard in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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