Wincor Nixdorf AG announced a share buyback program on May 04, 2011.
With the consent of the Supervisory Board, the Board of Directors has decided to make use of the existing authorization granted by the Annual General Meeting of January 24, 2011 to acquire own shares in the company.
The resolution envisages that own shares will be repurchased up to an amount of 1,737,569 of the company’s shares via the stock exchange, starting May 04, 2011 until September 30, 2011.
The purchase price per share (excluding ancillary costs) shall deviate by no more than 10% in either direction from the determined share price in the opening auction for the company’s shares in XETRA trading at Frankfurt Stock Exchange.
The repurchased shares are to be used for all legitimate purposes and for those covered by the authorization issued by the Annual General Meeting of Shareholders, in particular for the purpose of settling obligations arising from share options to be issued on basis of the authorization granted by the Annual General Meeting on January 25, 2010 to members of the Board of Directors, other managers or staff members of the company and / or subordinated affiliated entities on the basis of the authorization granted for the issuance of share options.
The company have had commissioned a bank to buy back the shares. The bank decides on the time at which it purchases common shares in the company and the daily number of shares it purchases independently of and uninfluenced by the company and will issue buy orders in observance of the authorization to buy back shares and the stipulations in Article 5 (1) and (2) of the Commission Regulation (EC) No. 2273/2003 implementing Directive 2003/6/EC.
The shares were bought back solely through Deutsche Börse/XETRA. The number of shares bought back by the bank must not exceed 25% of the average daily trading volume in XETRA on the last 20 trading days.
The share buyback program has been completed on June 16, 2011.