HolidayCheck Group AG
HolidayCheck Group AG: Release of a capital market information / mandatory post-admission disclosure
HolidayCheck Group AG
/ Announcement pursuant to Article 5 paragraph 1 a) of Regulation (EU) 596/2014 and Article 2 paragraph 1 of Delegated Regulation (EU) 2016/1052 / share buy-back programme
HolidayCheck Group AG, Munich, Germany: Publication of capital market information / mandatory post-admission disclosure Share buy-back Announcement pursuant to Article 5 paragraph 1 a) of Regulation (EU) 596/2014 and Article 2 paragraph 1 of Delegated Regulation (EU) 2016/1052
The Company exercised this authorisation in 2016 and 2017 and currently holds 689,317 shares. A bank has been commissioned to buy back the shares exclusively through the stock exchange. It will conduct the share buy-back independently and without influence from the company. The company retains the right to terminate the bank’s mandate and commission a different bank at any time. The price paid per share (excluding ancillary purchase costs) may not be more than 10 percent higher or 10 percent lower than the average closing price over the last three trading days on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse, FWB) preceding the purchase. The buy-back will be managed by a bank and will comply with the Market Abuse Regulation and with Articles 2 to 4 of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures. Accordingly, on a single day the bank may not in total purchase more than 25 percent of the average daily volume of shares traded on the stock exchange used for the purchase. This average figure is based on the average daily trading volume over the 20 stock exchange trading days preceding the date of purchase. The transactions will be announced in a form that meets the requirements of Article 5 paragraph 3 of Regulation (EU) no. 596/2014 in conjunction with Article 2 paragraphs 2 and 3 of Commission Delegated Regulation (EU) 2016/1052 no later than the end of the seventh trading day after execution. Details of the transactions will also be published on the company’s website at https://www.holidaycheckgroup.com/investor-relations/share-buy-back/?lang=en. HolidayCheck Group AG
20.02.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | HolidayCheck Group AG |
Neumarkter Str. 61 | |
81673 München | |
Germany | |
Internet: | www.holidaycheckgroup.com |
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