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14:15 | 20.02.2008
DJ DGAP-Adhoc: RWE AG: RWE Decides to Conduct Share Buyback
DJ DGAP-Adhoc: RWE AG: RWE Decides to Conduct Share Buyback
RWE Aktiengesellschaft / Share Buyback
20.02.2008
Release 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.
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Today, the Executive Board of RWE AG passed a resolution based on the
authorization of the Annual General Meeting of April 18, 2007, to launch a
share buyback programme. Shares in RWE AG with a value of up to EUR 2.5
billion are to be bought back in the period between February 21, 2008, and
the expiration of the authorization on October 17, 2008.
The purchase of the shares shall be conducted via the stock exchange. The
purchase price per share (excluding ancillary purchase costs) may not be
10% above or below the average closing price quoted on the last three stock
market trading days prior to the purchase in the XETRA trading system on
the Frankfurt Stock Exchange. The shares that are bought back may be used
for any purpose set forth in the authorization resolution of the Annual
General Meeting of April 18, 2007.
The buyback will be carried out by the banks commissioned by the Company
and in accordance with Art. 4 to 6 of the Directive (EC) No. 2273/2003 of
the Commission of December 22, 2003.
If the authorization to repurchase own shares of April 18, 2007, is
replaced by a new authorization within the scope of the next Annual
General Meeting on April 17, 2008, the share buy-back programme may be
continued on the basis of the new authorization even after October 17,
2008.
RWE Aktiengesellschaft
The Executive Board
20.02.2008 Financial News transmitted by DGAP
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Language: English
Issuer: RWE Aktiengesellschaft
Opernplatz 1
45128 Essen
Deutschland
Phone: +49 (0)201 12-00
Fax: +49 (0)201 12-15199
E-mail: contact@rwe.com
Internet: www.rwe.com
ISIN: DE0007037129, DE0007037145
WKN: 703712, 703714
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, Hannover, München, Hamburg, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) SWX
End of News DGAP News-Service
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(END) Dow Jones Newswires February 20, 2008 09:15 ET (14:15 GMT) |
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