ecotel communication ag decides to repurchase shares

ecotel communication ag  / Key word(s): Share Buyback

23.05.2012 15:42

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.

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The Managing Board of ecotel communication ag (WKN 000585434/ ISIN
DE0005854343) decided today to repurchase up to 100,000 treasury shares
(2.6 percent of the current share capital) between 25 May 2012 and 30
September 2012. The shares will be repurchased through the stock exchange.
The countervalue per share paid by the company (without ancillary costs)
must be within 10 % of the arithmetical average of the closing prices of
the shares in the XETRA system on the three trading dates prior to the
purchase. Based on the final prices of the shares in the XETRA system on
the last three trading dates prior to the decision, this corresponds to a
buy-back volume of up to about 0.51 million Euros.

The Managing Board thus makes use of the authorization resolution of the
annual meeting of shareholders on 30 July 2010, which authorizes the
Managing Board to purchase treasury shares totalling up to 10 % of the
share capital by 29 July 2015. The repurchased shares can be used for all
purposes provided for by the authorization resolution of the annual meeting
of shareholders.

The shares will be repurchased under the direction of a financial
institution in compliance with §§ 14 para. 2, 20a para. 3 WpHG in
accordance with the Safe-Harbor provision pursuant to directive (EC) no.
2273/2003. The financial institution commissioned with the repurchase will
make its decisions on the time of acquisition of the shares independently
and uninfluenced by ecotel communication ag.

All transactions will be announced weekly, after they are carried out, on
the company's website (www.ecotel.de) under Investor Relations.


23.05.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      ecotel communication ag
              Prinzenallee 11
              40549 Düsseldorf
              Germany
Phone:        +49 (0)211 55 00 70
Fax:          +49 (0)211 55 00 7 222
E-mail:       info@ecotel.de
Internet:     http://www.ecotel.de
ISIN:         DE0005854343
WKN:          585434
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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