Ad Hoc-release
Share repurchase programmeHypoport AG approves share repurchase programme
Berlin, 16 January 2015: The Management Board of Hypoport AG has decided at 16 January 2015 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 14.00 (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
4 June 2010 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
19 January 2015 and will be completed by no later than 31 May 2015.
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 AGAs an independent financial product distributor that runs a B2B financial marketplace, Hypoport operates successfully in two mutually reinforcing segments. It always provides the simplest access to the best financial services. 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 250 partners - banks, insurers and financial product distributors. Several thousand users execute more than 20.000 transactions worth a total of up to €3 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, local authorities 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.
Contact
Hypoport AG
Christian Würdemann
Head of Communications, Human Recources and Legal
Tel.: +49 (0)30 / 42086 - 1920
Email: presse@hypoport.de www.hypoport.de
Key data on Hypoport's shares | ||
ISIN DE 0005493365 | ||
WKN 549336 | ||
Stock exchanges symbol HYQ | ||
Management Board: Ronald Slabke (CEO), Stephan Gawarecki, Hans Peter Trampe, Thilo Wiegand | Supervisory Board: Dr Ottheinz Jung-Senssfelder (chairman), Professor Dr Thomas Kretschmar (deputy chairman), Christian Schröder | Berlin-Charlottenburg local court HRB 74559 VAT reg. no.: DE207938067 Website: www.hypoport.com |
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