DGAP-Ad-hoc: WashTec AG / Key word(s): Share Buyback
Based on a resolution by the Shareholders' Meeting of 15 May 2013, the Management Board of WashTec AG, Augsburg, ISIN DE0007507501 / WKN 750750, with the consent of Supervisory Board, resolved today to acquire up to 550,000 own shares of WashTec AG (3.94% of the share capital) in the context of a voluntary public share buy-back offer.
The offer period commences on August 19, 2015 and expires on September 9, 2015, 24.00 hours CET. During this period WashTec shareholders can offer their shares to the company at a purchase price (exclusive of any ancillary costs) of 23,30 Euros per bearer share with non-par value of WashTec AG. This offer price corresponds to a premium of 7.1 % on the reference price, which is based on the arithmetic average of the closing prices of the WashTec share quoted on the XETRA trading system during the last five trading days prior to the day of the announcement of the offer (August 7, 2015-August 13, 2015) and a premium of 7.8% on the closing price as of August 13, 2015.
The public share buy-back offer has been resolved because of the positive business development and the positive forecast for the fiscal year of 2015 as communicated.
The company will publish more detailed information on the offer in the Federal Gazette (Bundesanzeiger) and on its website at www.washtec.de in the short term, probably on August 18, 2015.
The share buy-back offer will be executed by Baader Bank AG.
Augsburg, August 14, 2015
Tel.: +49 (0)821 - 55 84 - 0
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