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Sixt SE resolves share buy-back in a total amount of up to EUR 50 million


Sixt SE  / Key word(s): Share Buyback

15.03.2016 07:19

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Pullach, 15 March 2016 - The Managing Board of Sixt SE has - with consent of the Supervisory Board - resolved to buy back own ordinary and preference shares on the stock exchange for a total maximum purchase price of EUR 50 million (excluding incidental purchase expenses). The shares shall be bought back for the purpose of reducing the share capital by cancellation of acquired shares. The share buy-back program shall begin on 16 March 2016 (earliest possible purchase date) and shall end, at the latest, on 31 December 2016 (last possible purchase date).

The allocation of the total volume of repurchased shares between ordinary and preference shares will depend on the availability of the respective share classes for trading on the stock exchange. On the basis of the closing price of the ordinary and preference shares in Xetra-trading on 14 March 2016 and the assumption that the volume of repurchased ordinary and preference shares will correspond to the average proportion of these classes of shares traded in Xetra in the previous three months, the envisaged share buy-back volume of up to EUR 50 million would correspond to a buy-back of approximately 1.2 million shares, thereof approximately 700,000 ordinary and 500,000 preference shares. This is equivalent to approximately 2.5 % of the share capital of Sixt SE.
The share buy-back program shall be carried out in accordance with sections 14 para. 2, 20a para. 3 German Securities Trading Act (WpHG) in conjunction with EU Regulation (EG) No. 2273/2003 (so-called Safe Harbour) respectively after 3 July 2016 in accordance with the relevant provisions of EU Regulation (EU) No. 596/2014.


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Language:     English
Company:      Sixt SE
              Zugspitzstraße 1
              82049 Pullach
              Germany
Phone:        +49 (0)89 74444-5104
Fax:          +49 (0)89 74444-85104
E-mail:       investorrelations@sixt.com
Internet:     http://se.sixt.de
ISIN: DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A1E8V89 Sixt-Anleihe 2010/2016, DE000A1PGPF8 Sixt-Anleihe 2012/2018, DE000A11QGR9               Sixt-Anleihe 2014/2020
WKN:          723132
Indices:      SDAX
Listed: Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart;               Terminbörse EUREX
 
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