Allgeier approves share purchase program 2012

ALLGEIER SE  / Key word(s): Share Buyback

27.09.2012 10:55

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Munich, September 27, 2012 - Munich-based Allgeier SE (ISIN DE0005086300,
WKN 508630), one of the leading IT companies in the German-speaking region,
is launching a share repurchase program. At its meeting today, the
Management Board passed a resolution to approve this program. This
resolution is based on the authorization to purchase the company's own
shares pursuant to Section 71 (1) subsection 8 of the German Stock
Corporation Act (AktG), which was approved by the company's Shareholders'
General Meeting on June 17, 2010. This program will run initially until
December 31, 2012.

In particular, the acquired treasury shares are to serve the purpose that
the company can utilize such shares as consideration when purchasing
companies or parts (assets) of companies, or interests in companies.

The share purchase program comprises the following key aspects:

  - Volume of up to 180,000 ordinary shares (approximately 1.98% of the
    share capital)

  - Acquisition through the stock market 

  - Execution by a bank which performs the purchases independently while
    complying with a maximum purchase price

  - Compliance with the regulations of the German Stock Corporation Act and
    the German Securities Trading Act (in particular, Section 20a of EC
    Directive No. 2273/2003)

  - Conclusion of the program on December 31, 2012

With the completion of the previous share repurchase program as of December
31, 2011, Allgeier SE and a subsidiary held a total of 686,954 treasury
shares on the December 31, 2011 reporting date. This corresponds to 7.57%
of the share capital.

Contact:
Allgeier SE
Dr. Christopher Grosse
Wehrlestrasse 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: ir@allgeier.com
Web: www.allgeier.com

Munich-based Allgeier SE is one of the leading IT companies in the
German-speaking region. With more than 4,000 salaried employees and around
1,500 freelance IT experts, Allgeier offers customers a complete service
approach and a comprehensive portfolio of solutions and services. Sixteen
corporate units, each with individual specialist and sector-related focal
points, work together for more than 2,000 customers from almost all
sectors. Allgeier combines the advantages of an international IT company,
such as product breadth, and strength in terms of performance and
processes, with the expertise and customer-proximity of a powerful
medium-sized-company provider. This high-growth company currently operates
at more than 90 sites in the German-speaking region, and at further
locations in the rest of Europe, as well as in India, Mexico and the USA.
Allgeier generated EUR379 million of revenue in 2011. The company is listed
on the regular market of the Frankfurt Stock Exchange in the General
Standard segment (WKN 508630 / ISIN DE0005086300). Further information is
available on the company's website at: www.allgeier.com.


27.09.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      ALLGEIER SE
              Wehrlestraße 12
              81679 München
              Germany
Phone:        +49 (0) 89 - 99 84 21 0
Fax:          +49 (0) 89 - 99 84 21 11
E-mail:       info@allgeier.com
Internet:     http://www.allgeier.com
ISIN:         DE0005086300
WKN:          508630
Indices:      CDAX
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------