Francotyp-Postalia Holding AG approves share buyback program
Ad-hoc-Annoucement according to Sec. 15 German Securities Trading Act (Wertpapierhandelsgesetz - WpHG)
November 21, 2007
Francotyp-Postalia Holding AG
Triftweg 21 - 26
16547 Birkenwerder (Germany)
ISIN: DE000FPH9000
WKN: FPH900
Frankfurt Stock Exchange, Official Market (Prime Standard)
Francotyp-Postalia Holding AG approves share buyback program
In exercise of the authorization granted by the shareholders' meeting dated October 16, 2006, the management board approved on November 20, 2007a program for the Company to buy back its own shares.
In accordance with the authorization granted by the shareholders' meeting dated October 16, 2006 an amount of up to 500,000 shares of the company shall be purchased by the Company in the stock market. This equals a share of up to 3.40 percent of the Company's share capital. The price per share paid by the Company (net of commissions) may not exceed, or fall short of, by more than 10 percent, the price determined in the opening auction on the respective trading day in Xetra trading of the Frankfurt Stock Exchange. The share buyback program may run until April 15, 2008 (including). The management board reserves the right to suspend or discontinue the share buyback program at any time and to acquire a total of less than 500,000 shares of the Company.
The buyback program will be administered by an investment bank, which will execute the buyback pursuant to in particular Article 5 of the Regulation (EC) no. 2273/2003 of the Commission dated December 22, 2003.
Francotyp-Postalia Holding AG will publish further information regarding the share buyback program in the course of the intended buyback at http://www.francotyp.com/en/ir/ir_welcome.php.
Birkenwerder, November 21, 2007
Management board
For further information: contact
Disclaimer:
This document contains forward-looking statements and information that is depending on assumptions and expectations taken by the general management. These statements may be identified by words such as "shall," "will" or words of similar meaning. Such statements are subject to certain risks and uncertainties. A variety of factors, many of which are beyond Francotyp-Postalia Holding AG's control, affect its performance or achievements of Francotyp-Postalia Holding AG to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For the Francotyp-Postalia Holding AG, particular uncertainties arise, among others, from: changes in general economic and business conditions; changes in currency exchange rates and interest rates; introduction of competing products or technologies by other companies as well as changes in business strategy. Francotyp Postalia Holding AG does not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated.
