Product category:
Printing Presses and Machinery (New and Used, Service and Repair)
News Release from: Heidelberg
Edited by the Printingtalk Editorial
Team on 07 September 2007
Heidelberg Completes Share Buy-Back
Programme
Shares totalling 4,152,535 have been bought back by Heidelberg to complete its share buy-back programme,which had begun in 2006.
Heidelberg now holds 2,133,113 of its own shares (2.68 per cent of outstanding shares) The latest trenche of shares bought represents five per cent of the capital stock at the time of the programme's implementation
They were bought for an average price of EUR33.42, with a total cost of EUR138,768,302.29.
On March 31 a total of 3,322,658 no-par bearer shares (four per cent of outstanding shares) were withdrawn by a simplified capital retirement process in compliance with the German Stock Corporation Act.
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