- 25.11.2008, 08:39:24
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- OTE0004
C-QUADRAT Investment AG to launch share buy-back programme
• Extraordinary General Meeting on 11 December 2008 • Acquisition currency for potential takeovers
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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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Wien (euro adhoc) - Vienna/Frankfurt, 25.11.2008. C-QUADRAT Investment AG is
preparing a share buy-back programme in respect of its own shares. An
extraordinary general meeting has been convened for Thursday, 11 December 2008,
the sole item on the agenda being the authorisation of the Management Board to
acquire up to ten percent of the issued capital.
By taking this step, C-QUADRAT intends to exploit the exceptionally low share
price at present to buy back its own shares and thus create acquisition currency
for future acquisitions. "C-QUADRAT will continue aiming for further growth. In
many cases, paying with treasury shares is less expensive than paying cash, and
is sometimes even a precondition for a takeover", explains Alexander Schütz,
C-QUADRAT founder and Management Board member. "This buy-back programme is
therefore an important step in growing the company." The share buy-back
programme could also have a positive impact on the current share price.
Before launching the share buy-back programme, and providing the general meeting
agrees to authorise the Management Board to implement it, information about the
scope and structure of the programme will be released by the Management Board in
the form of an adhoc announcement.
C-QUADRAT- the fund company - is an independent asset manager operating across
Europe. Founded in 1991, the company has had is own asset management company
with a bank licence since 2003 and has been listed in the Prime Standard of the
Frankfurt Stock Exchange since November 2006 and in the Prime Standard of the
Vienna Stock Exchange since May 2008. The C-QUADRAT team has made a name for
itself across Europe with its asset management, analysis and investment fund
management activities and by devising structured products. Innovative investment
strategies for institutional investors round off the product offering. Many
banks, insurance companies and financial service providers operating
internationally rely on the expertise of C-QUADRAT.
Further inquiry note:
Andreas Wimmer
Member of the Board
C-QUADRAT Investment AG
Stubenring 2
A-1010 Wien
Tel.: +43 1 515 66 316
Mail: [email protected]
www.c-quadrat.com
end of announcement euro adhoc
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emitter: C-QUADRAT Investment AG
Stubenring 2
A-1010 Wien
phone: +43 1 515 66-0
FAX: +43 1 515 66-159
mail: [email protected]
WWW: www.c-quadrat.at
sector: Financial & Business Services
ISIN: AT0000613005
indexes: Prime.market
stockmarkets: official market: Börse Frankfurt, Wiener Börse AG
language: English
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