DGAP-Adhoc
Hypoport AG approves share repurchase programme
Hypoport AG / Key word(s): Share Buyback
12.02.2016 16:38
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Ad-hoc release
Share repurchase programme
Hypoport AG approves share repurchase programme
Berlin, 12 February 2016: The Management Board of Hypoport AG has decided
at today 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 65.00
(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 12 June
2015 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 17 February 2016 and will be completed by no later
than 09 June 2016.
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
The Hypoport Group is a technology-based financial service provider. The
business model is based on its three mutually supporting business units:
Private Clients, Financial Service Providers, and Institutional Clients.
All three units are engaged in the distribution of financial services,
facilitated or supported by finance-technology ('fintech').
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 some 350 partners - banks, insurers and
financial product distributors. Several thousand users execute some 35.000
transactions worth a total of up to EUR4 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 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. At the end of 2015 Hypoport was admitted to the SDAX.
Contact:
Christian Würdemann
Investor Relations
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
12.02.2016 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
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart
End of Announcement DGAP News-Service
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Share repurchase programme
Hypoport AG approves share repurchase programme
Berlin, 12 February 2016: The Management Board of Hypoport AG has decided
at today 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 65.00
(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 12 June
2015 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 17 February 2016 and will be completed by no later
than 09 June 2016.
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
The Hypoport Group is a technology-based financial service provider. The
business model is based on its three mutually supporting business units:
Private Clients, Financial Service Providers, and Institutional Clients.
All three units are engaged in the distribution of financial services,
facilitated or supported by finance-technology ('fintech').
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 some 350 partners - banks, insurers and
financial product distributors. Several thousand users execute some 35.000
transactions worth a total of up to EUR4 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 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. At the end of 2015 Hypoport was admitted to the SDAX.
Contact:
Christian Würdemann
Investor Relations
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
12.02.2016 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
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart
End of Announcement DGAP News-Service
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