DGAP-News: Weng Fine Art AG / Key word(s): Share Buyback/Investment Weng Fine Art AG expands its share buyback program and increases participation in Artnet slightly 03.06.2014 / 09:15 --------------------------------------------------------------------- PRESS RELEASE | 3 JUNE 2014 Weng Fine Art AG expands its share buyback program and increases participation in Artnet slightly The Supervisory Board of Weng Fine Art AG (WFA) has decided, pursuant to § 71 Abs. 1 Nr. 8 AktG, to extend the stock buyback program in terms of scope and duration. Accordingly, WFA may now acquire up to 150,000 of its own shares until 30 June 2015, corresponding to about 5.5% of the share capital. Prior to this decision, the share buyback program was limited to 100,000 shares and was due to expire on January 31 2015. This provides WFA with more strategic flexibility regarding its planned business expansion. For example, the acquired shares may be used as non-dilutive acquisition currency for existing shareholders. So far, 51,000 shares were purchased under the current share buyback program. The basis of the buyback program was authorized in the General Meeting of September 9, 2013. The shares will be purchased exclusively through the Frankfurt Stock Exchange and the Xetra system, where WFA will neither pay more than 10%, nor less than 25% of the 10-day average closing price recorded on the Xetra trading system. The Board may terminate the share buyback program ahead of schedule and use the repurchased shares for all legally permissible purposes. Furthermore, WFA AG has slightly expanded its stake in the leading art internet company Artnet AG to more than 5%. A significant further expansion of this participation is not currently planned. ABOUT WENG FINE ART AG Weng Fine Art AG (www.wengfineart.com) is one of the most dynamic and financially strongest art dealerships on the European continent. The company focuses on works of internationally renowned artists from the 20th century and, in its core business, exclusively supplies commercial addresses (B2B) - among them the leading auction houses, dealerships and galleries. The expertise and market positioning gained over nearly 20 years serves as a basis for new business segments such as auctions, e-commerce and art consulting. Weng Fine Art AG shares are traded on the Frankfurt Stock Exchange since 2 January 2012. CONTACT Weng Fine Art AG c/o edicto GmbH, Axel Mühlhaus Eschersheimer Landstr. 42 | 60322 Frankfurt a.M. | Germany Phone +49 (0)69 905505-52 | Fax +49 (0)69 905505-77 E-mail [email protected] End of Corporate News --------------------------------------------------------------------- 03.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Weng Fine Art AG Kimplerstraße 294 47807 Krefeld Germany Phone: 02151 937130 Fax: 02151 93713-29 E-mail: [email protected] Internet: www.wengfineart.com ISIN: DE0005181606 WKN: 518160 Listed: Freiverkehr in Berlin; Frankfurt in Open Market (Entry Standard) End of News DGAP News-Service --------------------------------------------------------------------- 271775 03.06.2014