14. Aug 2012

WashTec AG: WashTec resolves share buy-back

WashTec AG / Key word(s): Share Buyback

14.08.2012 / 14:11

Ad hoc notice under § 15 of the German Securities Trading Act (WpHG)

WashTec AG: Share Buy-Back
Exercising the authority granted by the General Meeting of Shareholders on May 5, 2010, the Management Board of WashTec AG (with the consent of the Supervisory Board) has resolved to adopt a program to buy back the Company's shares. During the period running to May 4, 2013, the Company may acquire up to 400,000 of its own shares (corresponding to approx. 2.86% of the Company's share capital) on the stock exchange. Such shares may, inter alia, be re-sold in connection with the direct or indirect acquisition of corporate entities, sub-entities or equity stakes or may be used for potential future stock option programs. The Company reserves the right to cancel shares acquired under the Buy-Back Program in whole or in part.

'The Share Buy-Back adopted by the Company reflects the Company's high cash flows and operating profitability', Michael Busch, member of the Management Board of WashTec AG, stated, 'and is in line with our return policy.'

WashTec AG, Argonstrasse 7, 86153 Augsburg ISIN: DE0007507501
Listed: Official market in Frankfurt (Prime Standard); Over-the-counter in Berlin, Bremen, Düsseldorf, Munich and Stuttgart

End of ad hoc announcement

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179984  14.08.2012