EANS-Adhoc: Westag & Getalit AG / Westag & Getalit AG starts share buyback

ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.


The Management Board of Westag & Getalit AG has decided, with the consent of the Supervisory Board, to buy back own preference shares representing up to ten percent of the company´s current share capital between January 13, 2010 and March 17, 2010.
The Management Board thus takes advantage of the authorisation granted by the ordinary Annual General Meeting dated August 18, 2009 to acquire own shares in accordance with Section 71 (1) No. 8 of the German Stock Corporation Act (AktG).

The shares will be acquired via the stock exchange. The purchase price (excl. incidental expenses) must not be more than 10% higher or lower than the closing prices of the preference shares recorded at the Frankfurt stock exchange on the three days preceding each purchase.

The company will commission a bank to manage the buyback programme. This bank will have full discretion about prices and limits and will take its decisions regarding the timing of the share purchases independently and free from interference by the company. The bank is obliged to comply with the trading conditions laid down in
Article 5 of Commission Regulation (EC) No 2273/2003 of December 22, 2003. The daily upper volume limit for the buyback is subject to the average daily turnover in the stock, which will be calculated on the basis of the average daily trading volume during the 20 trading days preceding each purchase.

end of announcement euro adhoc

issuer: Westag & Getalit AG Hellweg 15 D-33378 Rheda-Wiedenbrück phone: +49 (0)5242 17 0 FAX: +49 (0)5242 17 75000 mail: ir@westag-getalit.de WWW: http://www.westag-getalit.de sector: Building materials ISIN: DE0007775207, DE0007775231 indexes: Prime All Share

stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Stuttgart, regulated dealing: Düsseldorf
language: English

Digitale Pressemappe: http://www.ots.at/pressemappe/EASY_52979

Rückfragen & Kontakt:

Felix Huisgen
Tel.: +49 (0)5242 17 5350
E-Mail: huisgen@westag-getalit.de