Ad-hoc disclosure in accordance with section 15 WpHG
Ad-hoc disclosure in accordance with section 15 WpHG
WKN: 723132, ISIN: DE0007231326
WKN: 723133, ISIN: DE0007231334
Frankfurter Wertpapierbörse, Prime Standard Segment
Share buy back
Sixt Aktiengesellschaft plans further share buy back of up to 1.116 million shares for a total of not more than EUR 20 million
Pullach, 10 October 2011 – Today, with the consent of the Supervisory Board, the Managing Board of Sixt Aktiengesellschaft decided to exercise once again the share buy back authorisation granted by the General Meeting on 17 June 2010, and to purchase up to 1,116,120 of the Company’s own ordinary and preference shares on the market for a total of not more than EUR 20 million (not including incidental expenses).
On the basis of the current trading price for the Company’s ordinary and preference shares and the established maximum limit, the roughly 1.116 million no-par bearer shares to be purchased will amount to about 4.4 per cent of the share capital as of the authorisation date. The distribution between ordinary and preference shares will be based on the availability of these share categories for trading on the market. After adding in the Company’s current holdings of own shares, this operation will use up the entire amount authorised by the General Meeting on 17 June 2010.
The buy back is intended to reduce capital by retiring stock. It will be carried out in compliance with section 14(2) of the German Securities Trading Act (WpHG), in conjunction with EC Regulation 2273/2003 (known as the “Safe Harbour” regulation).
The share buy back is to begin no earlier than 10 October 2011 and end by 31 December 2012.
Contact:
Frank Elsner
Sixt Central Press Office
Phone: +49 – 89 – 992 496 – 30/ – 31
Fax: +49 – 89 – 992 496 – 30
E-Mail: pressrelations(at)sixt.com