Following approval by the Supervisory Board, the Management Board of HolidayCheck Group AG has decided to make use of the share buy-back authorisation granted by the annual general meeting on 16 June 2015 in accordance with section 71 paragraph 1 number 8 of the German Stock Corporation Act (Aktiengesetz, AktG). Over the period from 18 November 2016 to 15 June 2020 the company will acquire up to 1,500,000 of its own shares subject to an overall price limit of EUR 7,500,000. The shares will be acquired through the stock exchange. The intention is to offer the repurchased shares to members of the Management Board and employees of the company and its affiliated entities as part of an employee stock option plan.
The share buy-back will be carried out by a bank and will comply with the Market Abuse Regulation and with Articles 2 to 4 of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures. The bank will decide independently when to repurchase the shares and on each occasion how many shares to acquire. The company will have no influence over these decisions.
- Announcement pursuant to Article 5 paragraph 1 a) of Regulation (EU) 596/2014 and Article 2 paragraph 1 of Delegated Regulation (EU) 2016/1052
- Ad-hoc release, 8th November 2016: HolidayCheck Group AG adopts share buy-back resolution
The share buy-back programme 2016/2017 has been terminated on 6th June 2017 because the maximum number of 1,500,000 own shares available was reached.
Overview of purchases completed under the share buy-back programme 2016/2017 (in accordance with article 2 paragraph 3 of Delegated Regulation (EU) 2016/1052): Download (pdf)