MAGIX GmbH & Co. KGaA
MAGIX AG: Buyback of shares and switch from Prime Standard to Entry Standard decided
MAGIX AG / Key word(s): Share Buyback/Miscellaneous 20.07.2012 14:50 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. --------------------------------------------------------------------------- Berlin, July 20, 2012 - The management board of MAGIX AG (ISIN DE0007220782) with the approval of the supervisory board has today announced an offer to all shareholders for a voluntary and public buyback of shares. The board also announced that the company's registration will be switched from the regulated market of the Frankfurt Stock Exchange (Prime Standard) to the Entry Standard segment (Open Market). The basis of the share buyback is the decision reached at the shareholders' meeting on March 10, 2010 that allows the management board to purchase up to nearly 10% of the total share capital. The offer applies to the purchase of up to 1,043,290 shares. The offer is valid from Wednesday July 25, 2012 until Friday August 31, 2012 at 12:00 pm CEST. The purchase price of EUR 2.30 per share offered by the company (excluding auxiliary purchasing costs) lies within the span of 10% above or below the average closing price of the Xetra trading system of the Frankfurt Stock Exchange on the 4th to 10th day of trading before publication of the offer in accordance with the decision of the shareholders' meeting on March 10, 2010. The total volume of the buyback is therefore approximately EUR 2.4 million. The purchased shares can be used for all purposes laid out in the authorization resolution established at the shareholders' meeting. The company will release further details about the buyback offer shortly before it comes into force, probably on Wednesday July 25, 2012 in the Federal Gazette ('Bundesanzeiger') and at ir.magix.com. From a legal standpoint the buyback offer will take place completely independently of the decision to switch to a different stock exchange segment. The intended switchover from Prime Standard to the quality segment Entry Standard is meant to reduce the overheads resulting from the stock exchange listing. The quality segment Entry Standard will still offer shareholders sufficient transparency. Trading of the MAGIX share on the German electronic exchange XETRA and the engagement of the designated sponsor will remain unchanged. An application for the segment change will soon be submitted to the Frankfurt Stock Exchange. Inclusion in the Entry Standard segment of the open market shall take place at the exact point in time that the accreditation for the regulated market is withdrawn. About MAGIX MAGIX AG is a management holding with several subsidiaries and offices around the globe. The subsidiaries have different business models but are all mainly active in the fields of software, online services and digital content. The subsidiaries currently have approximately 340 employees. Contact: Dr. Sven Reichardt MAGIX AG Tel 030-29392280 Fax 030-29392415 ir[at]magix.net 20.07.2012 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: MAGIX AG Friedrichstraße 200 10117 Berlin Germany Phone: +49 (0)30- 29 39 2-280 Fax: +49 (0)30- 29 39 2-415 E-mail: ir@magix.net Internet: www.magix.com ISIN: DE0007220782 WKN: 722078 Indices: Prime Software, Prime IG Software Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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