- Public relations
- Investor relations
A resolution passed at the Annual General Meeting on 27 May 2008 authorised the board to buy back the company’s shares on the stock exchange within 18 months from the date of the resolution, i.e. by November 2008. Altogether 5% of the issued share capital may be repurchased. ad pepper media has appointed an investment bank for the buyback.
The equivalent that ad pepper pays for each share may be within a price range which is not less than 15% and not more than 15% of the average trading price of the Frankfurt Stock Exchange (XETRA) one day prior to the repurchase of the shares. The Management Board intends to utilise the shares from the current buyback for the company’s own employee share programs.
Summary of the shares purchased under the buyback scheme in accordance with Commission Regulation (EC) no. 2273/2003 of 22 December 2003, Article 4, Para. 4: