DGAP-Adhoc
Hypoport AG approves share repurchase programme
Hypoport AG / Key word(s): Share Buyback
16.01.2015 18:18
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Share repurchase programme
Hypoport AG approves share repurchase programme
Berlin, 16 January 2015: The Management Board of Hypoport AG has decided at
16 January 2015 to repurchase up to 60,000 of the Company's own shares
exclusively through the stock market. The maximum volume of shares that may
be repurchased during the buy-back programme has been set at 5,000 shares
per day. The maximum price per share has been set to no more than EUR 14.00
(excluding purchase-related costs).
The purpose of this programme is to provide treasury shares for employee
share ownership schemes and other means of issuing shares to employees of
the Company and the Hypoport Group. The shares will be repurchased under
the authorisation granted by the Annual Shareholders' Meeting on 4 June
2010 for the Company to purchase its own shares. The Supervisory Board has
approved this share buy-back programme. The repurchase of shares will
commence no sooner than 19 January 2015 and will be completed by no later
than 31 May 2015.
The shares will be repurchased in accordance with section 14 (2) of the
German Securities Trading Act (WpHG) in conjunction with Commission
Regulation (EC) No. 2273/2003 ('safe harbour'). The details of the share
buy-back will be announced before the programme commences.
Information on Hypoport AG
As an independent financial product distributor that runs a B2B financial
marketplace, Hypoport operates successfully in two mutually reinforcing
segments. It always provides the simplest access to the best financial
services. As a wholly-owned subsidiary of Hypoport, Europace AG develops
and operates the web-based EUROPACE financial marketplace, which is
Germany's largest platform for mortgages, building finance products and
personal loans. A fully integrated system links 250 partners - banks,
insurers and financial product distributors. Several thousand users execute
more than 20.000 transactions worth a total of up to EUR3 billion on
EUROPACE every month. The Hypoport subsidiary Dr. Klein & Co. AG is an
independent online distributor of financial products. This firm's
specialists provide private clients with a full range of advisory services
around mortgage finance, insurance and retirement planning. Dr. Klein & Co.
AG has been a major financial service partner to housing companies, local
authorities and commercial property investors since 1954. Hypoport AG is
headquartered in Berlin, employs more than 500 people and is listed in the
Prime Standard of the Frankfurt Stock Exchange.
Contact:
Christian Würdemann
Head of Communications, Human Resources & Legal
Hypoport AG
Klosterstraße 71
D-10179 Berlin
Phone: +49 (0) 30 / 4 20 86 - 1920
Fax: +49 (0) 30 / 4 20 86 - 281920
E-Mail: ir@hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport
16.01.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: ir@hypoport.de
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Stuttgart
End of Announcement DGAP News-Service
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Share repurchase programme
Hypoport AG approves share repurchase programme
Berlin, 16 January 2015: The Management Board of Hypoport AG has decided at
16 January 2015 to repurchase up to 60,000 of the Company's own shares
exclusively through the stock market. The maximum volume of shares that may
be repurchased during the buy-back programme has been set at 5,000 shares
per day. The maximum price per share has been set to no more than EUR 14.00
(excluding purchase-related costs).
The purpose of this programme is to provide treasury shares for employee
share ownership schemes and other means of issuing shares to employees of
the Company and the Hypoport Group. The shares will be repurchased under
the authorisation granted by the Annual Shareholders' Meeting on 4 June
2010 for the Company to purchase its own shares. The Supervisory Board has
approved this share buy-back programme. The repurchase of shares will
commence no sooner than 19 January 2015 and will be completed by no later
than 31 May 2015.
The shares will be repurchased in accordance with section 14 (2) of the
German Securities Trading Act (WpHG) in conjunction with Commission
Regulation (EC) No. 2273/2003 ('safe harbour'). The details of the share
buy-back will be announced before the programme commences.
Information on Hypoport AG
As an independent financial product distributor that runs a B2B financial
marketplace, Hypoport operates successfully in two mutually reinforcing
segments. It always provides the simplest access to the best financial
services. As a wholly-owned subsidiary of Hypoport, Europace AG develops
and operates the web-based EUROPACE financial marketplace, which is
Germany's largest platform for mortgages, building finance products and
personal loans. A fully integrated system links 250 partners - banks,
insurers and financial product distributors. Several thousand users execute
more than 20.000 transactions worth a total of up to EUR3 billion on
EUROPACE every month. The Hypoport subsidiary Dr. Klein & Co. AG is an
independent online distributor of financial products. This firm's
specialists provide private clients with a full range of advisory services
around mortgage finance, insurance and retirement planning. Dr. Klein & Co.
AG has been a major financial service partner to housing companies, local
authorities and commercial property investors since 1954. Hypoport AG is
headquartered in Berlin, employs more than 500 people and is listed in the
Prime Standard of the Frankfurt Stock Exchange.
Contact:
Christian Würdemann
Head of Communications, Human Resources & Legal
Hypoport AG
Klosterstraße 71
D-10179 Berlin
Phone: +49 (0) 30 / 4 20 86 - 1920
Fax: +49 (0) 30 / 4 20 86 - 281920
E-Mail: ir@hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport
16.01.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: ir@hypoport.de
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Stuttgart
End of Announcement DGAP News-Service
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