Covestro AG

  • WKN: 606214
  • ISIN: DE0006062144
  • Land: Deutschland

Nachricht vom 24.07.2017 | 15:10

Disclosure according to Art. 2 (1) of Commission Delegated Regulation (EU) 2016/1052

Covestro AG / Share Buy-back

24.07.2017 / 15:10
Dissemination of a Post-admission Duties announcement transmitted by DGAP -
a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Subject: Covestro AG: Disclosure according to Art. 2 (1) of Commission Delegated Regulation (EU) 2016/1052 Information on issuer and content: Name: Covestro AG Address: Kaiser-Wilhelm-Allee 60, 51373 Leverkusen ISIN: DE0006062144 WKN: 606214 Content of the publication: Covestro AG / Share Buy-back programme Disclosure according to Art. 2 (1) of Commission Delegated Regulation (EU) 2016/1052 Information relating to a share buy-back programme On March 15, 2017 the Board of Management of Covestro AG (the 'Issuer') with corporate seat in Leverkusen resolved to acquire own shares (ISIN DE0006062144)via the stock exchange in accordance with the authorisation granted by the Annual General Meeting on September 1, 2015. The acquisition of own shares will be effected by Covestro Deutschland AG, a 100% subsidiary of the Issuer. 1. Purpose of the programme The sole purpose of the share buy-back programme is to meet obligations arising from an employee share participation programme. The acquired shares will be transferred to persons employed by the Issuer or certain affiliated companies in August 2017. 2. Maximum pecuniary amount allocated to the programme The maximum total purchase price (excluding incidental expenses) amounts to EUR 7,500,000.00. 3. Maximum number of shares to be acquired Based on the share price as shown in XETRA on July 17, 2017 (closing price), the maximum number of shares would be 114,749 (representing approximately 0,057% of the outstanding shares). 4. Duration of the programme The buy-back programme shall be effected during the period from August 07, 2017 to August 14, 2017. 5. Further details The share buy-back programme will be carried out in accordance with Articles 5, 14 and 15 of Regulation (EU) 596/2014 on market abuse in conjunction with the provisions of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 supplementing Regulation (EU) 596/2014 with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures (hereinafter: Regulation (EU) 2016/1052). The share repurchases will be carried out by an independent credit institution which will, within the aforementioned time period, make its trading decisions regarding the exact timing of the purchases of shares independently of, and without any influence by, the Issuer. The credit institution is obliged to comply with the trading conditions of Article 3 of Regulation (EU) 2016/1052 and the provisions contained in this share buy-back programme. Information on transactions relating to the buy-back programme will be published according to Art. 2 of Regulation (EU) 2016/1052. Covestro AG will provide regular information on the progress of the share buy-back programme at www.covestro.com/en/investors. Leverkusen, July 24, 2017
24.07.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language: English Company: Covestro AG Kaiser-Wilhelm-Allee 60 51373 Leverkusen Germany Internet: www.covestro.com End of News DGAP News Service

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“

GBC-Fokusbox

Kaufen: Aspermont Limited hat Turnaround abgeschlossen

Aspermont Limited ist der weltweit führende Anbieter von Business-to-Business-Medien (B2B) für den Rohstoffsektor. Mit einem neuen Management hat das Unternehmen seit 2016 den erfolgreichen Turnaround von einem traditionellen Medienunternehmen zu einem digitalen B2B-XaaS-Geschäftsmodell umgesetzt. Das Unternehmen hat diesen Turnaround im GJ 2020 abgeschlossen, als es sein erstes positives EBITDA-Ergebnis verzeichnete. Auf der Grundlage unseres DCF-Modells haben wir ein Kursziel von 0,09 AUD (0,06 Euro) pro Aktie ermittelt und vergeben das Rating KAUFEN.

News im Fokus

Vonovia SE: Vonovia verkauft Berliner Wohnungsbestände aus dem Zukunfts- und Sozialpakt Wohnen

17. September 2021, 12:40

Aktueller Webcast

Stealth BioTherapeutics

Cantor Global Healthcare Conference Fireside Chat

30. September 2021

Aktuelle Research-Studie

CR Capital AG

Original-Research: CR Capital AG (von First Berlin Equity Research GmbH): Buy

17. September 2021