FRAPORT AG
DGAP-News: Fraport AG Frankfurt Airport Services Worldwide
/ Key word(s): Share Buyback
Frankfurt, 22 May 2020 - For the implementation of this year's employee participation program the Executive Board of Fraport AG Frankfurt Airport Services Worldwide (ISIN DE0005773303) decided to buy back own shares through the stock exchange. To fulfill all claims up to 100,000 of its own shares (this corresponds to approximately 0.108 percent of the capital stock) will be bought back. The share buyback complies with rules and regulations set forth in Sec. 71 (1) No. 2 AktG (Aktiengesetz - German Stock Corporation Act). It serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide. The total purchase price (excluding incidental costs) is up to EUR 3,000,000. The share buyback will begin on 28 May 2020 and will be completed by 26 June 2020. It will be carried out by an independent financial service provider in accordance with the safe harbour rules defined under Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council dated 16 April 2014, in conjunction with the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. In particular, the financial services provider is required to execute the repurchase of shares as follows: 1. The shares are purchased at market prices in accordance with the aforementioned regulations. The shares are not purchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out. 2. On any trading day, no more than 25 percent of the average daily volume of the shares on the trading venue on which the purchase is carried out is purchased. The average daily volume is based on the average daily volume traded during the month preceding the month, in which the publication of the share buyback program took place, that means, on the average daily trading volume in April 2020. Contact: Fraport AG Frankfurt Airport Services Worldwide
Tel. +49 69 690-74842
22.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Fraport AG Frankfurt Airport Services Worldwide |
| - | |
| 60547 Frankfurt am Main | |
| Germany | |
| Phone: | +49 (0)69 6 90-7 48 42 |
| Fax: | +49 (0)69 6 90-7 48 43 |
| E-mail: | investor.relations@fraport.de |
| Internet: | www.fraport.de |
| ISIN: | DE0005773303 |
| WKN: | 577330 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 1053303 |
| End of News | DGAP News Service |
1053303 22.05.2020
