Announcement in accordance with Article 4 sec. 2 Commission Regulations (EU) NO. 2273/2003
MBB Industries AG resolves to initiate a share buy back program in the amount of up to Euro 1.00 million
Own shares in the amount of up to Euro 1.00 million, limited to a price not exceeding Euro 7.50 per share and generally not exceeding 10 per cent of the registered share capital (up to 660.000 shares), shall be repurchased by way of a share buy back program. The shares will be exclusively acquired through the stock exchange.
The shares may be used for all purposes covered by the authorization of the shareholders' meeting. This particularly includes the authorization to offer all or a part of the shares to third parties in the context of the acquisition of companies and/or stakes in a company by way of exclusion of pre-emption rights for the own shares. Purchases for purposes of trading own shares are excluded. The management board with consent by the supervisory board will ultimately resolve upon the utilisation of the shares by way of a separate resolution.
Pursuant to the authorization by the shareholders' meeting, the purchase price per share may not exceed or fall below the price determined in the opening auction of the shares in XETRA trading of the Frankfurt Stock Exchange on the respective acquisition day by more than 10 per cent.
The share buy back will be executed under the management of a credit institution. The credit institution is obliged to carry out the acquisition of the shares in accordance with Commission Regulation (EU) No. 2273/2003 of 22 December 2003 (hereinafter 'EU Regulation'). The credit institution shall particularly observe the volume limitations pursuant to Article 5 sec. 2 of the EU Regulation. Accordingly, up to 25% of the average daily trading volume of the preceding 20 trading days may be acquired on the day of an acquisition. In relation to the purchase price, the credit institution will particularly observe the restrictions of Article 5 sec. 1 of the EU Regulation. Moreover, the credit institution is obliged to provide the company with all necessary information to ensure that the company may meet its information obligations under the EU-Regulation. In addition, the credit institution shall make any purchase decisions independently and in its own discretion considering market conventions and accepted market practices. The company is not entitled to give any instructions to the credit institution.
The share buy back program shall be launched on 12 January 2012. It shall expire on 29 February 2012. The share buy back will be terminated as soon as shares for a total consideration of Euro 1.00 million have been acquired, however, it may be terminated at any time. Information pursuant to Article 4 sec. 4 EU Regulation on the buy back of own shares of MBB Industries AG will be made available free of charge at MBB Industries AG, Joachimstaler Str. 34, 10719 Berlin. The information will also be made available on the Internet at http://www.mbbindustries.com/ under Investor Relations / Share Buy-Back.
Further information on MBB Industries AG can be found on the Internet at http://www.mbbindustries.com/