15.05.2018
Fraport AG Frankfurt Airport Services Worldwide DE0005773303
DGAP-News: Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program
DGAP-News: Fraport AG Frankfurt Airport Services Worldwide / Key word(s):
Share Buyback
Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the
Employee Participation Program
15.05.2018 / 11:35
The issuer is solely responsible for the content of this announcement.
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Frankfurt, 15 May 2018 - For the implementation of this years employee
participation program the Executive Board of Fraport AG Frankfurt Airport
Services Worldwide (ISIN DE0005773303) decided to buy back own shares
through the stock exchange. To fulfill all claims up to 52,000 of its own
shares (this corresponds to approximately 0.056 percent of the capital
stock) will be bought back.
The share buyback complies with rules and regulations set forth in Sec. 71
(1) No. 2 AktG (Aktiengesetz - German Stock Corporation Act). It serves
solely to fulfil the obligations arising from the employee share capital
program of Fraport AG Frankfurt Airport Services Worldwide. The total
purchase price (excluding incidental costs) is up to EUR 4,500,000.
The share buyback will begin on 30 May 2018 and will be completed by 15 June
2018. It will be carried out by an independent financial service provider in
accordance with the safe harbour rules defined under Article 5 of Regulation
(EU) No. 596/2014 of the European Parliament and of the Council dated 16
April 2014, in conjunction with the provisions of the Delegated Regulation
(EU) 2016/1052 of the Commission dated 8 March 2016. In particular, the
financial services provider is required to execute the repurchase of shares
as follows:
1. The shares are purchased at market prices in accordance with the
aforementioned regulations. The shares are not purchased at a price higher
than the higher of the price of the last independent trade and the highest
current independent purchase bid on the trading venue where the purchase is
carried out.
2. On any trading day, no more than 25 percent of the average daily volume
of the shares on the trading venue on which the purchase is carried out is
purchased. The average daily volume is based on the average daily volume
traded during the month preceding the month, in which the publication of the
share buyback program took place, that means, on the average daily trading
volume in April 2018
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15.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Fraport AG Frankfurt Airport Services Worldwide
-
60547 Frankfurt am Main
Germany
Phone: +49 (0)69 6 90-7 48 42
Fax: +49 (0)69 6 90-7 48 43
E-mail: [email protected]
Internet: www.fraport.de
ISIN: DE0005773303
WKN: 577330
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; Luxemburg
End of News DGAP News Service
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685945 15.05.2018
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