EANS-Adhoc: Syzygy AG / Management Board and Supervisory Board of SYZYGY AG decide on share buyback
PR Newswire/euro adhoc/ EANS-Adhoc: Syzygy AG / Management Board and Supervisory Board of SYZYGY AG decide on share buyback ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
On December 4, 2012, the Management Board of SYZYGY AG resolved to buy back up to 100,000 of SYZYGY AG shares (corresponding to 0.78 per cent of the capital stock) via the stock exchange. The share buyback program lasts up until February 28, 2013.
The share buyback is in line with the Annual General Meeting's resolution of May 28, 2010, to buy back treasury stock of up to 10 per cent of the capital stock. The shares may be used for all the purposes authorized by the Annual General Meeting on May 28, 2010. In particular, it is planned to use the shares as compensation in the course of acquiring companies and to offer them to employees of the SYZYGY Group as employee shares.
The purchase price for the shares may neither exceed nor fall short of the average share price for the five trading days prior to the purchase commitment by more than 10 per cent. The relevant prices for determining the average are the closing prices for SYZYGY AG shares in electronic Xetra trading at the Frankfurt Stock Exchange (FWB).
Further inquiry note: Katrin Schreyer Telefon: +49/6172-9488251 E-Mail: email@example.com
issuer: Syzygy AG
Im Atzelnest 3
D-61352 Bad Homburg phone: +49(0)6172 9488-100 FAX: +49(0)6172 9488-272 mail: firstname.lastname@example.org WWW: http://www.syzygy.net sector: Online ISIN: DE0005104806 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt language: English
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