Wincor Nixdorf plans stock buyback
On August 02, 2010, the Board of Directors of Wincor Nixdorf AG passed a resolution to repurchase up to 400,000 of the company's shares on the stock market during the period from August 03 to November 03, 2010, thus making use of the authorization granted by the Annual General Meeting on January 25, 2010.
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Under the authorization for the company to repurchase its own shares, the purchase price per share (excluding incidental costs of purchase) may deviate by no more than 10 percent in either direction from the average share price in the closing auction in XETRA trading on Frankfurt Stock Exchange over the last ten days of trading prior to purchase of the shares.
The repurchased shares are to be used for all legitimate purposes covered by the authorization granted by the Annual General Meeting, 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 issue of share options.