Released : 05/16/2019 17:28
DGAP Post
-admission Duties announcement:
OSRAM Licht AG
/
OSRAM
concretizes termination of share buyback program
OSRAM Licht AG
: Release of a capital market information
16.05.2019
/ 17:28 Dissemination of a Post-admission Duties announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
With ad hoc disclosure dated
14 May 2019
,
OSRAM
announced, that the Managing Board has resolved to discontinue the share buyback program that has started on
10 January 2019
. The decision was taken against the background of the comprehensive measures to increase the operational efficiency and to tighten administration and sales structures, which are being implemented due to the currently weak market and business situation.
As a consequence of the decision of the Managing Board dated
14 May 2019
,
OSRAM
terminated the buyback agreement concluded with the commissioned bank for the implementation of the buyback in accordance with the terms of the agreement. According to the final understanding between the parties now achieved, the bank may continue to acquire
OSRAM
shares until and including
28 May 2019
in line with the conditions published on
9 January 2019
.
Subsequent to the termination of the share buyback program on
28 May 2019
,
OSRAM
will announce in a separate concluding notification, how many shares at what average price have been acquired in total within the course of the share buyback program since
10 January 2019
.
Further information on the share buyback program is available in the Investor Relations area of the
OSRAM
website (https://www.osram-group.com/ en/investors).
16.05.2019
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News
and Press Releases. Archive at www.dgap.de
|
Language: |
English |
Company: |
OSRAM Licht AG
|
|
Marcel-Breuer-Straße 6 |
|
80807 München |
|
Germany
|
Internet: |
www.osram-group.com |
|
End of News |
DGAP News Service
|
812449 16.05.2019