Aurubis AG: Share buyback - Aurubis AG passes resolution to purchase a volume of up to EUR 200 million of its own shares
March 18, 2020 at 11:45 am EDT
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DGAP-Ad-hoc: Aurubis AG / Key word(s): Share Buyback
Aurubis AG: Share buyback - Aurubis AG passes resolution to purchase a volume of up to EUR 200 million of its own shares
18-March-2020 / 16:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Hamburg, March 18, 2020
Aurubis AG: Share buyback - Aurubis AG passes resolution to purchase a volume of up to EUR 200 million of its own shares
Today, the Executive Board of Aurubis AG (ISIN DE0006766504) (the "company") passed a resolution, exercising the authorization granted by the shareholders represented at the Annual General Meeting on March 1, 2018 to purchase and use the company's own shares, to purchase up to 4,495,672 company shares (equivalent to up to approximately 10 % of the company's existing share capital) in multiple tranches via the stock exchange, up to a total purchase price (excluding incidental acquisition costs) of EUR 200 million. The company's own shares purchased in this way shall be used for purposes permitted by the authorization issued by the shareholders represented at the Annual General Meeting on March 1, 2018. The buyback program shall begin on March 19, 2020 and conclude at the end of September 17, 2021 at the latest. The company intends to purchase EUR 60 million in shares in the first tranche starting March 19, 2020. The company's purchase of its own shares serves to create treasury stock for possible acquisitions or future financing needs.
18-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Aurubis AG
Hovestrasse 50
20539 Hamburg
Germany
Phone:
+49 (0)40 / 78 83 - 31 78
Fax:
+49 (0)40 / 78 83 - 31 30
E-mail:
a.seidler@aurubis.com
Internet:
www.aurubis.com
ISIN:
DE0006766504
WKN:
676650
Indices:
MDAX
Listed:
Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
Aurubis AG is a Germany-based company engaged in the production of primary copper and precious metals, the recycling of secondary raw materials and the processing of copper into final products. Its product portfolio comprises rod and specialty wire, such as cast rod, directly cast, oxygen-free copper rod and a variety of drawn products; shapes; industrial rolled products; architectural solutions for surfaces and facades; bars and profiles for the electro-technical industry; cathodes; precious metals, such as gold and silver, which are extracted from copper concentrates and secondary raw materials; sulfuric acid, iron silicate, selenium, and recycled copper, precious metal and other non-ferrous metal products. The Company also operates copper slitting service centers.
AURUBIS AG 
