DGAP-CMS: 1&1 Drillisch Aktiengesellschaft: Release of a capital market information

2018. október 23., kedd, 09:26





DGAP Post-admission Duties announcement: 1&1 Drillisch Aktiengesellschaft / Share Buyback


1&1 Drillisch Aktiengesellschaft: Release of a capital market information


23.10.2018 / 09:26


Dissemination of a Post-admission Duties announcement transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.



Disclosure Pursuant to Article 2 Sec. 1 of Commission Delegated Regulation
(EU) No 2016/1052 supplementing Regulation (EU) No 596/2014 (MAR)

Purchase of Treasury Shares

Maintal, 23 October 2018

The share buyback program announced by 1&1 Drillisch AG by means of an ad
hoc notification on 22 October 2018 will be conducted in a first tranche
starting on 24 October 2018. Treasury shares of the company with an
aggregate acquisition cost of up to EUR 80,000,000 (excluding incidental
purchasing costs), however, in total no more than 2,000,000 shares, shall
be repurchased exclusively via the stock exchange over a period of time not
to extend beyond March 31, 2019. The company may use the repurchased shares
for all purposes admissible under the authorization granted on January 12,
2018 by the extraordinary shareholders" meeting. The shares may also be
canceled.

The company has assigned a bank to carry out the buyback of the several
tranches or parts thereof. The bank makes its decisions regarding the share
buyback date independently of and uninfluenced by the company. The
company"s right to early termination of the mandate for the bank in
accordance with the applicable statutory provisions and/or to transfer the
mandate to another bank or several other banks shall remain unaffected.

The share buyback program may be suspended, discontinued and resumed at any
time in compliance with all applicable statutory provisions.

The share buyback shall be carried out exclusively via the stock exchange
in electronic trading through the Frankfurt Stock Exchange (Xetra).

The price per repurchased share (excluding incidental purchasing costs)
must not be more than 10 % higher or more than 20 % lower than the average
stock exchange price for the 1&1 Drillisch AG share of the electronic
trading system on the Frankfurt Stock Exchange as established during the
three trading days preceding the specific date of the repurchase
obligation.

Moreover, the bank has committed itself to conduct the buyback program in
accordance with both the authorization granted on January 12, 2018 by the
extraordinary shareholders" meeting and the trading restrictions of Article
3 of the Commission Delegated Regulation (EU) No 2016/1052 of March 8, 2016
("Del.-Reg."). In accordance with the Del.-Reg., inter alia, no purchase
price may be paid which exceeds the price of the last independent trade or
the highest independent bid placed at the time of the purchase on the stock
exchange on which the purchase is carried out, whichever value is the
highest. Pursuant to the Del.-Reg., no more than 25 % of the average daily
volume of shares on the stock exchange on which the purchase is carried out
may be acquired. The average volume of shares is based on the average daily
trade volume of the 20 trading days preceding the specific date of
purchase.

The transactions will be announced pursuant to the requirements of Article
2 Sec. 3 Del.-Reg. in a detailed and an aggregated form no later than on
the seventh trading day after their execution. Furthermore, 1&1 Drillisch
AG will publish the transactions on its website www.1und1-drillisch.de and
ensure that the information will be publicly accessible for a period of at
least five years from the day of disclosure.

Maintal, 23 October 2018

1&1 Drillisch AG

The Executive Board















23.10.2018 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de













Language: English
Company: 1&1 Drillisch Aktiengesellschaft

Wilhelm-Röntgen-Straße 1-5

63477 Maintal

Germany
Internet: www.1und1-drillisch.de





 
End of News DGAP News Service





736377  23.10.2018 



fncls.ssp?fn=show_t_gif&application_id=736377&application_name=news&site_id=geo_holding_tug
Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.