DGAP-Ad-hoc: CEWE Stiftung & Co. KGaA / Key word(s): Share Buyback
One figure was not correct (solely in in the English version) of the ad hoc message published today at 14:27 CET / CEST regarding the volume of the buy back.
Oldenburg, 2 March 2020. The Board of Management of CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) resolved today to buy back up to 100,000 own company shares on the stock exchange with a volume of up to EUR 10 million in the period from 3 March 2020 to 1 April 2021. The repurchase is based on authorisation granted at the Annual General Meeting of 31 May 2017 to acquire up to 10 % of the company's own shares. The equivalent value per share (excluding extra acquisition charges) may not exceed the stock exchange quotation determined in the opening auction in XETRA trading on the Frankfurt Stock Exchange on the relevant trading day by more than 10 %.
The repurchase of shares is to be exercised independently and without the influence of the company by ODDO BHF Aktiengesellschaft, Frankfurt, upon application of the safe harbour regulations.
CEWE Stiftung & Co. KGaA provides information on the daily progress of the repurchase program on the company's website at https://ir.cewe.de/websites/cewe/English/1000/the-cewe-share.html
Person making the notification: Axel Weber Head of Investor Relations
02-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||CEWE Stiftung & Co. KGaA|
|Phone:||+49 (0)441 40 4-1|
|Fax:||+49 (0)441 40 4-42 1|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||987427|
|End of Announcement||DGAP News Service|
987427 02-March-2020 CET/CEST