Tipp24 decides further share buyback

Jan 16, 2009 4:19 PM

Tipp24 AG / Share Buyback

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The Executive Board of Tipp24 AG has adopted a resolution to implement a
further share buyback programme. In the period from 2 February 2009 until
no later than 30 June 2009, shares in Tipp24 AG with a total value of EUR
2,000,000 (including transaction costs) are to be purchased via the stock
exchange. During the share buyback programmes of February and October 2007,
Tipp24 AG already acquired a total of 887,231 treasury shares,
corresponding to 10.00% less one share of total capital stock. These
treasury shares have now been cancelled by means of a simplified capital
reduction with a corresponding reduction in capital stock of EUR 887,231 to
EUR 7,985,088.
The resolution regarding the share buyback programme is based on an
authorization provided by the Annual Shareholders' Meeting of 29 May 2008,
which permits the Executive Board of Tipp24 AG to purchase treasury shares
in the period up to 29 November 2009.
The share buyback will be implemented by a bank commissioned by Tipp24 AG
and in accordance with the provisions of Art. 5 (trading conditions) of
Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing
Directive 2003/6/EC of the European Parliament and of the Council
(exemptions for buyback programmes and stabilisation of financial
instruments).
The share buyback serves primarily to provide shares which can be offered
in the course of business combinations or to acquire companies or equity
interests in companies. Alternatively, the shares may be fully or partially
cancelled.
Further details concerning the share buyback programme are posted on the
Tipp24 AG website (www.tipp24-ag.de). Every buyback will be announced here
no later than seven stock exchange trading days after the respective
transaction.
16.01.2009  Financial News transmitted by DGAP
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Language:     English
Issuer:       Tipp24 AG
              Straßenbahnring 11-13
              20251 Hamburg
              Deutschland
Phone:        +49 (0)40 325533-0
Fax:          +49 (0)40 325533-77
E-mail:       office@tipp24.de
Internet:     www.tipp24-ag.de
ISIN:         DE0007847147
WKN:          784714
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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