News

15/07/2010 - MOBOTIX AG launches share buyback program

Today the executive board of MOBOTIX AG resolved to exercise the authorization granted to it by the General Shareholders’ meeting dated 30 September 2009 to buy back shares in a volume of up to 15,000 shares pursuant to section 71 para. 1 No. 8 German Stock Corporation Act.

The shares may be used for all of the reasons named in the authorization by the General Shareholders’ meeting. In particular, it is considered to grant shares to employees and members of the executive board. The buyback will be carried out over the stock exchange in compliance with the trading rules, volume and buyback restrictions set forth in the Commission Regulation (EC) No. 2273/2003 of 22 December 2003.

The share buyback program shall commence on 19 July 2010. The authorization of the executive board is limited until 30 September 2014. However, the share buyback program will be terminated when the maximum number of shares is reached. Trading in shares of the Company is not allowed.

The ad hoc announcement can be downloaded as pdf.