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PSI AG Executive Board Decides on Further Share Buyback

Source: www.gulfoilandgas.com 6/22/2015, Location: Europe

The Executive Board of PSI AG (ISIN DE000A0Z1JH9) decided on 22 June 2015 to buy back up to 150,000 of its own shares (this corresponds to approximately 0.96 percent of the capital stock) through the stock exchange.

The decision follows the authorisation of the Annual General Meeting on 7 May 2013 for the buyback of own shares of up to almost 10 percent of the capital stock. The buyback program is limited to 31 December 2015. The shares may be used for all the purposes authorised in the General Meeting on 7 May 2013. This includes in particular the use as compensation in the scope of the purchase of companies and the offer to employees to purchase the shares as employee shares. The purchase price per share may not exceed the closing price per share of the Xetra trading system on the preceding day by more than 10 percent, nor may it be less than 20 percent below the same price.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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