ad pepper media International N.V.: Board of Directors decides on share buybackBack to overview
Nuremberg, Amsterdam, the Netherlands, 1st Februar 2016
By way of a share buy-back resolved today by the Board of Directors, ad pepper media International N.V. („ad pepper media“) will repurchase a total number of up to 690,000 shares via the stock exchange. Such number corresponds up to 3.0 percent of the total share capital of the company. The share buy-back will be implemented from 1st February 2016 onwards and will run for a period expiring on November 21, 2016.
The Annual General Meeting as of May 21, 2015 has authorized the company to acquire treasury stock in the amount of up to 50 percent of the company’s share capital at the time of the authorization. In case of an acquisition via the stock exchange, the price per share shall not be more than 20 percent above or more than 20 percent below the trading price. The defining trading price for this purpose shall be the opening auction trading price of the ad pepper media share on XETRA. The authorization may be exercised for any legally permitted purpose.
The share buy-back will be implemented using a financial institution, which will decide independently from and uninfluenced by ad pepper media on when to repurchase stock.