News Column

DGAP-News: Deutsche Rohstoff approves share buyback

July 14, 2014

Deutsche Rohstoff AG / Key word(s): Share Buyback 14.07.2014 12:30 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deutsche Rohstoff approves share buyback Heidelberg. The management board of Deutsche Rohstoff AG (ISIN DE000A0XYG76, WKN A0XYG7) with the approval of the Supervisory Board today approved a share buyback program to reacquire shares with a value of up to EUR 5 million via the stock market. The share buyback was decided at the shareholder meeting on 23 July 2013. Based on the Xetra closing price of the stock of Deutsche Rohstoff AG (As of 11 July 2014) a volume of up to approximately 250.000 shares would be reacquired. The share buyback will begin on 16 July 2014 and will end on 31 December 2014 by the latest. The reacquired shares can be used for all purposes in accordance with the applicable regulations under stock corporation law and all admissible purposes in accordance with the above mentioned authorisations. The company has appointed the ICF Kursmakler AG, Frankfurt, to conduct the buyback. The bank shall make its decisions regarding the date of the acquisition of the shares independently of, and without influence by, the Company. The right of Deutsche Rohstoff AG to prematurely terminate the repurchase remains unaffected. The repurchase will be carried out via the stock exchange. The purchase price per share (each excluding ancillary costs of purchase) shall not exceed or fall short of the non-weighted average closing price on the Frankfurt stock exchange which is applicable on the three stock market trading days preceding the creation of the obligation to acquire the shares by more than 10%. Further more the bank repurchasing the shares is obliged to comply with the terms of trade detailed in Article 5 of Commission Regulation (EC) No. 2273/2003 of December 22, 2003 ("EC-CR"), furthermore observing all other applicable regulations. According to the provisions of the EC-CR the bank may not determine a purchase price which exceeds the price of the last independent trade at the respective stock exchange or the highest current independent bid, whichever is the higher. According to Article 5 (2) of the Regulation, the bank must not purchase more than 25% of the average daily volume of the shares in any one day on the stock market on which the sale is carried out. The average volume of shares is based on the average daily volume of shares traded in the month prior to publication oft he program. In the case of exceptionally low liquidity the bank hast he right to exceed the 25%thresbhold providing that the conditions of Art. 5 (3) of the aforementioned regulation are met. The share buy-back may be suspended and resumed at any time to the extent permissible under the relevant legal provisions. Deutsche Rohstoff will publish transactions carried out in relation to this program on the company's website (website) in the investor relations section on a regular basis. Heidelberg, 14 July 2014Deutsche Rohstoff (Heidelberg, Germany), listed in the Entry Standard segment of Frankfurt Stock Exchange, is establishing a new primary producer. The company's focus is placed on oil & gas and so called high tech metals such as tin, tungsten, and rare earth metals. All projects are located in political stable countries with high environmental standards. The business concept is based on redeveloping deposits, which have been well explored in the past. For more information please visit Contact: Deutsche Rohstoff AG Thomas Gutschlag Tel. +49 6221 871 000 info@rohstoff.de14.07.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and --------------------------------------------------------------------------- Language: English Company: Deutsche Rohstoff AG Friedrich-Ebert-Anlage 24 69117 Heidelberg Germany Phone: 06221-87100-11 Fax: 06221-87100-22 E-mail: Internet: ISIN: DE000A0XYG76, DE000A1R07G4, WKN: A0XYG7, A1R07G Indices: Entry Standard (Performance TOP 30) Listed: Freiverkehr in Berlin, DÜsseldorf, Stuttgart; Frankfurt in Open Market (Entry Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: DGAP Corporate News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters