Ad hoc announcements
OHB resolves share buy-back
Bremen, September 13, 2011 – The Executive Board of OHB AG (ISIN: DE0005936124, Prime Standard) today resolved to arrange a share buy-back program.
The new share buy-back program will be carried through based in the authorization of the Annual General Meeting on May 19, 2010. This authorization is valid to May 18, 2015. According to the resolution made by the Annual General Meeting the purchase price of the shares is geared to the arithmetic average of the closing price of the shares in the electronic Xetra trading system within the last three days prior to the purchase. The purchase price must not exceed or undercut this arithmetic average by more than 10 per cent.
It is intended to purchase a total number of up to 250,000 shares. The share buy-back will be implemented from September 14, 2011 onwards and aims at all objectives which are listed in the authorization of the Annual General Meeting on May 19, 2010 (like listing of the shares of the Company at foreign stock exchanges, acquisition of companies, parts of companies or interests in companies and issuance of employee shares to employees of the Company).
The Company will mandate an independent financial institution to carry out the share buy-back.
| Contact for investors and analysts: Michael Vér Investor Relations Phone: +49 421 - 2020-727 Fax: +49 421 - 2020-613 E-Mail: michael.ver@ohb.de |
Contact for media representatives: Steffen Leuthold Corporate Communications Phone: +49 421 - 2020-620 Fax: +49 421 - 2020-700 E-Mail: steffen.leuthold@ohb.de |
