Senvion S.A.

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DGAP-News News vom 25.08.2016

Senvion S.A.: Repurchase of Shares commences

DGAP-News: Senvion S.A. / Schlagwort(e): Aktienrückkauf

2016-08-25 / 12:30
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.


Disclosure pursuant to Art. 2 Para. 1 Delegated Regulation (EU) 2016/1052

Repurchase of Shares commences

Luxembourg, 25 August 2016: With ad-hoc notification pursuant to Art. 17 MAR on 15 August 2016 Senvion S.A., Luxembourg, ("Company"), ISIN LU1377527517, announced to launch a share buy-back program to repurchase up to 6,500,000 shares of the Company with a maximum total purchase price (excluding transaction ancillary costs) being limited to EUR75 mn. The buy-back is based on the authorization of the resolution of the shareholders' general meeting of 21 March 2016 granted for a term of five (5) years to repurchase or redeem shares of the Company in the aggregate nominal amount not exceed twenty-five per cent (25 %) of the aggregate nominal amount of the issued share capital of the Company.

The share buy-back for a maximum total purchase price of up to EUR75 mn. (excluding transaction ancillary costs) shall be carried out in several tranches. The shares to be repurchased can be used for all purposes permitted according to the applicable regulations of Luxembourg Law.

The Company commissioned a credit institution to carry out the share buy-back, making its decisions regarding the timing of acquisitions of shares independently and without influence by the Company according to Art. 4 Para. 2 b) Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. The right of the Company to terminate the mandate of the credit institution early and/or to transfer the mandate to another credit institution shall remain unaffected.

The share buy-back will be carried out exclusively via XETRA trading on the Frankfurt Stock Exchange observing the safe harbour regulations set out in Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and Council dated 16 April 2014 in conjunction with the Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016, with exception of Art. 5 Para. 2 and 3 Regulation (EU) No. 596/2014 of the European Parliament and Council dated 16 April 2014 respectively of Art. 2 Para. 1 lit. a) and Para. 2 Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. The credit institution has been committed to comply with the requirements for the purchase price per share of the authorization of the shareholders' general meeting held on 21 March 2016 and in particular the conditions for trading as per Art. 3 of Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. Pursuant to the authorization of the shareholders' general meeting the purchase price (excluding transaction ancillary costs) must not exceed EUR 35.00 and not fall below EUR 10.00. Furthermore, the purchase price in particular must not exceed the stock-exchange-price of the last independent trade executed in XETRA trading at the Frankfurt Stock Exchange or, if higher, the highest independent purchase bid in XETRA trading at the Frankfurt Stock Exchange. In respect of the volume of shares to be repurchased per day it will not be permitted to repurchase more than 25% of the average daily trading volume in XETRA trading at the Frankfurt Stock Exchange, whereby the average daily trading volume is determined with reference to the average daily trading volumes on the 20 trading days preceding the respective acquisition.

To the extent required and legally permissible, the buy-back program may be suspended and resumed at any time.

The transactions will be disclosed in accordance with Art. 2 Para. 3 Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. In addition, Senvion S.A. will weekly provide regular updates on the progress of the share buy-back at www.senvion.com under sub-category "Investors".

The Management Board
Senvion S.A.
Luxembourg
ISIN: LU1377527517
Securities Code No.: A2AFKW

Investor Relations contact:
Dhaval Vakil
phone: +44 20 7034 7992
mobile: +44 7788 390 185
email: dhaval.vakil@senvion.com
Press contact:
Verena Puth
phone: +49 40 5555 090 3051
mobile: +49 174 30 54 576
email: verena.puth@senvion.com


2016-08-25 Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch DGAP - ein Service der EQS Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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