Wincor Nixdorf in share buy back
03 December 2007 | 1284 views | 0
Source: Wincor Nixdorf
On December 3, 2007, the Board of Directors of Wincor Nixdorf AG passed a resolution for the repurchase, as from this date, of up to 625.720 of the company's shares via the stock exchange.
In doing so, it availed itself of the authorization granted by the Annual General Meeting of Shareholders on January 29, 2007.
In the case of the approved repurchase of own shares by the company, the purchase price per share (excluding ancillary costs of purchase) shall deviate by no more than five per cent in either direction from the average share price at the closing auction of XETRA trading on the Frankfurt Stock Exchange for the final ten trading days prior to the purchase of the shares.
The repurchased shares are to be used for all legitimate purposes and for those covered by the authorization issued by the Annual General Meeting of Shareholders, in particular for the purpose of settling obligations arising from share options already issued or to be issued to members of the Board of Directors, other managers or staff members of the company and/or subordinated affiliated entities on the basis of the authorization granted for the issuance of share options.