Stock buyback
On July 26, 2011, Vossloh AG’s Executive Board resolved, after obtaining the Supervisory Board’s approval, to exercise the authority conferred by the May 19, 2010 annual general meeting and to buy back from the stock market up to 1,332,529 Vossloh shares, equivalent to a maximum of 10 percent of the capital stock.The reacquired treasury stock may be used for any of the purposes stated in the above-mentioned AGM resolution.
The price paid by Vossloh AG for one treasury share (excl. incidentals) shall not be more than 10 percent above or below the Vossloh stock price as quoted at the trading day’s opening auction of the Xetra trade at the Frankfurt Stock Exchange.
The stock buyback program commenced on July 27, 2011, and should end not later than June 30, 2012. The stock buyback will be managed by a securities firm independently and uninfluenced by Vossloh AG and be implemented in accordance with the trading terms of EC Regulation No. 2273/2003 of the EU Commission dated December 22, 2003.
On December 2, 2011, the stock repurchase program was completed, Vossloh AG now owning 1,332,529 of the total 13,325,290 no-par shares issued, equivalent to 10 percent of the capital stock. The treasury shares were purchased at an average price of €75.76, incurring total expenses of about €100.9 million. Pursuant to Art. 71b AktG, Vossloh AG is not entitled to any rights or interests from such treasury stock.
Stock buyback 2011 (pdf file)
Stock buyback 2008/2009