Announcement concerning the continuation of share buyback programme of ZhongDe Waste Technology AG
ZhongDe Waste Technology AG (Ticker symbol "ZEF") decides to continue the original ZDWT 400,000 share buy-back program 2009, which started in September 2009.
During the share buy-back program 2009 343,800 of up to 400,000 treasury shares were repurchased by ZhongDe Waste Technology AG ("Company"). The resolution of the Management Board on the share buy-back program 2009, signed on 06 September 2009, is no longer valid, because the authorization to buy back shares granted by the AGM on 31 July 2009 was abrogated by a new authorization granted by the AGM on 29 June 2010. The management board of the Company is entitled to repurchase up to 1,300,000 treasury shares according to this new authorization. This corresponds to up to 10 % of the current share capital of the Company. The Management Board resolved on 31 December 2010 to buy back 56,200 shares in order to complete the share buy-back program 2009, based on the new authorization granted by the AGM on 29 June 2010.
The share buy-back will start not earlier than 31 December 2010. The authorization expires on 28 June 2015.
The purpose of the share buy-back is to enable the Company to offer treasury shares to third parties as consideration for acquisitions of other companies or participation in other companies or for joint ventures or co-operations with other companies. Though the Company has sufficient cash means, the availability of own shares would increase the Company's flexibility. Further, the share offering in ZhongDe Waste Technology AG as consideration may turn out to be feasible to build up a long-term relationship between the Company and potential investors especially in Asia. In this case the shareholders shall be excluded from subscription of treasury shares.
The treasury shares will be bought back over the stock exchange. The price per share paid by the Company (excluding incidental costs of acquisition) must be within a range of 10 per cent above or below the opening price at the Frankfurt Stock Exchange's Xetra trading system. The total amount of payment for the repurchased shares should not exceed EUR 650,000.00 (for 56,200 shares). Not more than 25 per cent of the average daily turnover of the Company's shares will be repurchased at the respective stock exchange per day. The average daily share turnover is calculated on the basis of the average daily trading volume in the relevant trading segment during the last 20 trading days before the date of purchase. The share buy-back will be executed by M.M. Warburg Bank, which will act independently and without influence by the Company on when to repurchase shares.
The share buyback can be suspended and continued again at any time.
Every buyback transaction will be announced within seven stock exchange trading days of the regulated market concerned on the ZhongDe Waste Technology AG website (www.zhongde-ag.com).
| Date | Number of shares acquired |
Average price (in €) | Purchased volume (in €) |
|---|---|---|---|
Total |
52,440 | 503,969.93 |
|
03/01/2011 |
- | - | - |
04/01/2011 |
2,158 |
11.00 |
23,738.00 |
| 05/01/2011 | - | - | - |
| 06/01/2011 | 1,912 | 11.00 | 21,032.00 |
| 07/01/2011 | - | - | - |
| 10/01/2011 | - | - | - |
| 11/01/2011 | - | - | - |
| 12/01/2011 | - | - | - |
| 13/01/2011 | - | - | - |
| 14/01/2011 | - | - | - |
| 17/01/2011 | - | - | - |
| 18/01/2011 | - |
- | - |
| 19/01/2011 | - | - | - |
| 20/01/2011 | - | - | - |
| 21/01/2011 | - | - | - |
| 24/01/2011 | - | - | - |
| 25/01/2011 | - | - | - |
| 26/01/2011 | - | - | - |
| 27/01/2011 | - | - | - |
| 28/01/2011 | - | - | - |
| 31/01/2011 | - | - | - |
| 31/01/2011 | - | - | - |
| 01/02/2011 | - | - | - |
| 02/02/2011 | - | - | - |
| 03/02/2011 | - | - | - |
| 04/02/2011 | - | - | - |
| 07/02/2011 | - | - | - |
| 08/02/2011 | - | - | - |
| 09/02/2011 | - | - | - |
| 10/02/2011 | - | - | - |
| 11/02/2011 | - | - | - |
| 14/02/2011 | - | - | - |
| 15/02/2011 | - | - | - |
| 16/02/2011 | - | - | - |
| 17/02/2011 | - | - | - |
| 18/02/2011 | - | - | - |
| 21/02/2011 | - | - | - |
| 22/02/2011 | - | - | - |
| 23/02/2011 | - | - | - |
| 24/02/2011 | 2,000 | 9.3995 | 18,799.00 |
| 25/02/2011 | 3,012 | 9.3560 | 28,180.27 |
| 28/02/2011 | 2,526 | 9.5040 | 24,007.10 |
| 01/03/2011 | 3,306 | 9.8216 | 32,470.18 |
| 02/03/2011 | 3,542 | 9.5122 | 33,692.10 |
| 03/03/2011 | 2,603 | 9.3499 | 24,337.90 |
| 04/03/2011 | 309 | 9.3490 | 2,888.84 |
| 07/03/2011 | 3,502 | 9.7100 | 34,004.54 |
| 08/03/2011 | 2,505 | 9.5221 | 23,852.75 |
| 09/03/2011 | 3,358 | 9.5690 | 32,132.70 |
| 10/03/2011 | 3,555 | 9.7040 | 34,498.57 |
| 11/03/2011 | 4,261 | 9.6289 | 41,028.65 |
| 14/03/2011 | 5,083 | 9.4490 | 48,008.60 |
| 15/03/2011 | 4,504 | 9.2111 | 41,486.72 |
| 16/03/2011 | - | - | - |
| 17/03/2011 | - | - | - |
| 18/03/2011 | 4,304 | 9.2500 | 93,812.00 |
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