Tipp24 AG prolongs share buyback programme
Mar 26, 2008 7:03 PM
Tipp24 AG / Share Buyback Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The Executive Board of Tipp24 AG has adopted a resolution to prolong the share buyback programme launched on 8 October 2007 and originally limited until 31 March 2008. As previously decided, the share buyback involves the purchase of no more than 443,616 shares in Tipp24 AG. Following the extension, the company now has until 31 August 2008 to complete the programme. In the period up to 25 March 2008, Tipp24 AG already purchased a total of 324,020 treasury shares from the maximum volume. These shares are still held. In addition to the 443,615 shares purchased during the first share buyback programme in 2007, Tipp24 AG now holds a total of 767,635 treasury shares as of 25 March 2008, equivalent to 8.65% of share capital. The resolution is based on an authorization provided by the Annual Shareholders' Meeting of 24 May 2007, which permits the Executive Board of Tipp24 AG to purchase treasury shares in the period up to 24 November 2008. All other regulations of the current share buyback programme continue to apply during the extension period. The share buyback can be interrupted at any time and resumed at a later date. Further details concerning the share buyback programme are posted on the Tipp24 AG website (www.tipp24-ag.de). Every buyback will be announced there no later than seven stock exchange trading days after the respective transaction. 26.03.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Tipp24 AG Straßenbahnring 11-13 20251 Hamburg Deutschland Phone: +49 (0)40 325533-0 Fax: +49 (0)40 325533-77 E-mail: office@tipp24.de Internet: www.tipp24-ag.de ISIN: DE0007847147 WKN: 784714 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------