CECONOMY AG

  • WKN: 725750
  • ISIN: DE0007257503
  • Land: Germany

Nachricht vom 12.10.2018 | 19:47

Final notification share buyback

CECONOMY AG / Release of a capital markets information

12.10.2018 / 19:47
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.


CECONOMY AG Notification pursuant to art. 5 para. 1 lit. b of the Regulation (EU) No 596/2014 ('MAR') and art. 2 para. 2 and 3 of the Delegated Regulation (EU) 2016/1052 ('Delegated Regulation') Düsseldorf, 12 October 2018 Share buyback - Final notification With notification dated 27 September 2018 pursuant to art. 5 para. 1 lit. a MAR in conjunction with art. 2 para. 1 of the Delegated Resolution, CECONOMY AG has announced the commencement of a share buyback program as from 1 October 2018. On 2 October 2018, CECONOMY AG purchased a total of 2.448 ordinary bearer shares in the context of the share buyback. As per 2 October 2018 the total number of shares bought back, the daily volume weighted average share prices and the daily total volume amounted were as follows:

Date              Total number of  Volume weighted    Total volume
                  shares bought    average share      (EUR)
                  back             price (EUR)
2 October 2018    2,448            5.9950             14,675.76

Total             2,448            5.9950             14,675.76


The First Share Buyback Program is thereby concluded (as to the details of the Framework Program please refer to the above mentioned notification dated 27 September 2018). On 2 October 2018, a total of 2.448 own ordinary bearer shares were acquired by CECONOMY AG. This corresponds to c. 0.0007 percent of the Company's registered share capital and of the share capital issued as ordinary shares. The average purchase price per share paid at the stock exchange amounted to EUR 5.9950. The purchase price paid in aggregate for the shares bought back amounted to EUR 14,675.76 (excluding ancillary costs). The shares bought back will be exclusively to perform the Company's obligations to allot shares to the Company's employees within the meaning of art. 5 para. 2 lit. c MAR. The respective obligations result from a one- time commitment by the Company towards the employees of the Company to allot the shares to incentivize the employees. The shares bought back were exclusively acquired over the XETRA trading system of Frankfurt Stock Exchange by a credit institution instructed by CECONOMY AG. Pursuant to art. 2 para. 2 and 3 of the Delegated Regulation, further information regarding the transactions relating to the buyback program (including a detailed schedule of the individual trades) have been published on the website of CECONOMY AG, https://www.ceconomy.de, under 'Investor Relations' in the segment 'Legal Announcements'. CECONOMY AG The Management Board
12.10.2018 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language: English Company: CECONOMY AG Benrather Straße 18-20 40213 Düsseldorf Germany Internet: www.ceconomy.de End of News DGAP News Service

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EQS Group: Rating lautet Kaufen

Die Vorzeichen für die EQS Group AG sind positiv. Ein wesentlicher Umsatztreiber für das Jahr 2020 sollte die Migration von Bestandskunden vom COCKPIT in das COCKPIT 2.0 bedeuten. Darüber hinaus erwarten wir ein gutes Wachstum in den übrigen Bereichen, da die EQS mit vielen Produkten auch von der Coronakrise profitieren kann. So werden z. B. Online-Hauptversammlungen, Webcasts und Telefonkonferenzen vermehrt gebucht: Unseres Erachtens sollte es auch zu einer höhere Anzahl an Pflichtmeldungen von Unternehmen kommen. Unser Kursziel liegt bei 91,50 €, das Rating lautet weiter Kaufen.

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