Product category:
Printing Presses and Machinery (New and Used, Service and Repair)
News Release from: Heidelberg
Edited by the Printingtalk Editorial
Team on 02 April 2007
Heidelberg Withdraws Over 3m Shares In
Buy-Back
The management board of Heidelberg has withdrawn 3,322,658 no-par bearer shares (four per cent of outstanding shares) through a simplified capital retirement process.
The management board of Heidelberg has withdrawn 3,322,658 no-par bearer shares (four per cent of outstanding shares) through a simplified capital retirement process The action was authorised by the company's AGMs in July 2005 and July 2006 and the supervisory board agreed with the measure during its board meeting on March 30
The company's capital stock now amounts to EUR204,103,795 and is divided in to 79,728,045 no-par bearer shares, said Heidelberg.
Heidelberg also said that the current share buy-back programme will be continued unchanged up to a level of five per cent.
The shares purchased will, in part, be used for employee share participation programmes and for a further capital retirement.
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