Brief: Hornbach Holding Resolves On Acquisition Of Up To 55,000 Own Shares

Hornbach Holding AG & Co KGaA

08/07/2022 13:59

July 8 (Reuters) - HORNBACH HOLDING AG & CO KGAA  HBH.DE :
    * AS MAXIMUM TOTAL PURCHASE PRICE FOR ACQUISITION OF SHARES
IN
COMPANY (EXCLUDING INCIDENTAL ACQUISITION COSTS), MANAGEMENT
BOARD OF HORNBACH MANAGEMENT AG ALLOCATED AN AMOUNT OF EUR
5,500,000.00 TO PROGRAMME
    * RESOLVED ON ACQUISITION OF UP TO 55,000 OWN SHARES BY
HORNBACH
HOLDING
    * CONSIDERATION PAID PER SHARE (EXCLUDING INCIDENTAL
ACQUISITION
COSTS) MAY NOT FALL BELOW OR EXCEED AVERAGE VALUE OF CLOSING
PRICES FOR COMPANY'S SHARES IN XETRA TRADING (OR A COMPARABLE
SUCCESSOR SYSTEM) OF FRANKFURT STOCK EXCHANGE ON LAST FIVE
TRADING DAYS PRIOR TO RESPECTIVE ACQUISITION BY MORE THAN 10%
    * BUY-BACK PROGRAMME WILL START ON 11 JULY 2022 AND IS
LIMITED IN
TIME UNTIL END OF COMPANY'S FINANCIAL YEAR 2022/23, I.E. UNTIL
28 FEBRUARY 2023
    * BUY-BACK PROGRAMME WILL BE CARRIED OUT BY A CREDIT
INSTITUTION
WHICH WILL, WITHIN AFOREMENTIONED TIME PERIOD, MAKE ITS
DECISIONS REGARDING EXACT TIMING OF PURCHASE OF SHARES IN
COMPANY INDEPENDENTLY FROM, AND WITHOUT INFLUENCE BY, HORNBACH
HOLDING

Source text for Eikon:  ID:nEQ1BjSBVa 
Further company coverage:  HBH.DE 

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