Hypoport AG / Key word(s): Share Buyback
03.07.2015 15:55
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Ad-hoc release
Share repurchase programme
Hypoport AG approves share repurchase programme
Berlin, 3 July 2015: The Management Board of Hypoport AG has decided at
today to repurchase up to 60,000 of the Company's own shares exclusively
through the stock market. The maximum volume of shares that may be
repurchased during the buy-back programme has been set at 5,000 shares per
day. The maximum price per share has been set to no more than EUR 30.00
(excluding purchase-related costs).
The purpose of this programme is to provide treasury shares for employee
share ownership schemes and other means of issuing shares to employees of
the Company and the Hypoport Group. The shares will be repurchased under
the authorisation granted by the Annual Shareholders' Meeting on 12 June
2015 for the Company to purchase its own shares. The Supervisory Board has
approved this share buy-back programme. The repurchase of shares will
commence no sooner than 06 July 2015 and will be completed by no later than
31 December 2015.
The shares will be repurchased in accordance with section 14 (2) of the
German Securities Trading Act (WpHG) in conjunction with Commission
Regulation (EC) No. 2273/2003 ('safe harbour'). The details of the share
buy-back will be announced before the programme commences.
Information on Hypoport AG
As an independent financial product distributor that runs a B2B financial
marketplace, Hypoport operates successfully in two mutually reinforcing
segments. It always provides the simplest access to the best financial
services. As a wholly-owned subsidiary of Hypoport, Europace AG develops
and operates the web-based EUROPACE financial marketplace, which is
Germany's largest platform for mortgages, building finance products and
personal loans. A fully integrated system links 300 partners - banks,
insurers and financial product distributors. Several thousand users execute
some 35.000 transactions worth a total of up to EUR4 billion on EUROPACE
every month. The Hypoport subsidiary Dr. Klein & Co. AG is an independent
online distributor of financial products. This firm's specialists provide
private clients with a full range of advisory services around mortgage
finance, insurance and retirement planning. Dr. Klein & Co. AG has been a
major financial service partner to housing companies, local authorities and
commercial property investors since 1954. Hypoport AG is headquartered in
Berlin, employs more than 500 people and is listed in the Prime Standard of
the Frankfurt Stock Exchange.
Contact:
Christian Würdemann
Head of Group Operations
Hypoport AG
Klosterstraße 71
D-10179 Berlin
Phone: +49 (0) 30 / 4 20 86 - 1920
Fax: +49 (0) 30 / 4 20 86 - 281920
E-Mail: ir@hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport
03.07.2015 The DGAP 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: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: ir@hypoport.de
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------