Heidelberg Concludes Second 139 Million Euro Share Buyback Program
Press release from the issuing company
September 9, 2007 -- Heidelberg has concluded the share buyback program,which had begun on November 7, 2006. On the basis of the authorization granted by the Annual General Meeting of July 20, 2006, a total of 4,152,535 shares or five percent of the capital stock at the time of the program's implementation were bought back by September 4, 2007, at an average price of 33.42 Euro. This amounts to a total figure of 138,768,302.29 Euro.
On March 31, 2007, a total of 3,322,658 no-par bearer shares (four percent of outstanding shares) were withdrawn by means of a simplified capital retirement process in compliance with the German Stock Corporation Act, Section 71, para. 1, no. 8, sentence 6.
After completion of the share buyback program, Heidelberger Druckmaschinen AG holds 2,133,113 of its own shares (2.68 percent of outstanding shares).
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