Share buyback program December 20, 2006 to January 12, 2007
Wincor Nixdorf AG announced a share buyback program on December 20, 2006.
The Board of Directors has decided to make use of the authorization granted by the Annual General Meeting on February 21, 2006, to acquire own shares in the company to an amount of up to 10% of the current capital stock (which is 16,542,494 euros) through the stock market.
The resolution envisages that own shares will be repurchased up to an amount of 166,390 of the company’s shares (constituting up to 1.01% of the current capital stock) via the stock exchange, starting December 20, 2006. The purchase price per share (excluding ancillary costs) must not be more than 5% above or below the average price for the company’s shares in the final auction in XETRA trading at Frankfurt Stock Exchange during the last ten days of trading prior to the purchase of the shares.
The repurchased shares are to be used for the purpose of settling obligations arising from share options already issued or to be issued to members of the Board of Directors, other managers or staff members.
The company has commissioned a bank to buy back the shares. The bank will decide 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 will be bought back solely through Deutsche Börse/XETRA. The number of shares bought back by the bank must not exceed 25% of the daily volume traded in XETRA.
The share buyback program has been completed on January 12th, 2007.