Announcement concerning share buyback programme of ZhongDe Waste Technology AG
The Management Board of ZhongDe Waste Technology AG has resolved to repurchase up to 400,000 ordinary shares of no par value each having a notional amount of the share capital of EUR 1.00 of the Company.
The Annual General Meeting as of 31 July 2009 has authorized the Company to acquire ordinary shares in the amount of up to 10 percent of the company's current share capital. The share buy-back will be implemented starting not before 8 September 2009 and the term of the authorisation expires December 31st, 2010.
The purpose of the share buy-back is to enable the Company to offer treasury shares to third parties as consideration for acquisitions of other companies or participation in other companies or for joint ventures or co-operations with other companies. The availability of own shares increases the Company's flexibility. Further, the offering of shares in ZhongDe Waste Technology AG as consideration may turn out to be feasible to build up a long-term relationship between the Company and potential investors especially in Asia. The shareholders shall be excluded from subscription of treasury shares.
The share buy-back will be implemented through a financial institution, which will act independently and without influence by ZhongDe Waste Technology AG on when to repurchase stock. In accordance with Art. 6 (3) b) of Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council (exemptions for buyback programmes and stabilisation of financial instruments), the bank commissioned by ZhongDe Waste Technology AG will take its decisions concerning the timing of purchases of shares in ZhongDe Waste Technology AG independently of, and without influence by, ZhongDe Waste Technology AG. The Executive Board will thus exercise no influence on the bank’s decisions.
Moreover, the bank shall implement the share buyback in line with the provisions of Art. 5 (trading conditions) of the aforementioned regulation.
No purchases will be made outside a regulated market, nor via derivative financial instruments. Shares are to be bought at the best possible price, maintaining the interests of ZhongDe Waste Technology AG. With the exclusive acquisition via the stock exchange, the price per share paid by the Company (excluding incidental costs of acquisition) must be within a range of 10 per cent higher or lower than the opening price at the Frankfurt Stock Exchange’s Xetra trading system.
Not more than 25 per cent of the average daily turnover of the ZhongDe Waste Technology AG shares will be acquired at the respective stock exchange per day. The average daily share turnover is calculated on the basis of the average daily trading volume in the relevant trading segment during the last 20 trading days before the date of purchase. In the case of exceptionally low liquidity on the relevant market, an exception may be made to the above mentioned stipulation and up to 50% of average daily turnover of shares in ZhongDe Waste Technology AG may be purchased, providing that the conditions of Art. 5 (3) of the aforementioned regulation are met.
The share buyback can be suspended and continued again at any time.
Every buyback transaction will be announced within seven stock exchange trading days of the regulated market concerned on the ZhongDe Waste Technology AG website (www.zhongdetech.de).
| Date | Number of shares acquired |
Average price (in €) | Purchased volume (in €) |
|---|---|---|---|
Total |
347,560 | 4,122,060.30 |
|
08/09/2009 |
4,800 | 11,55751 | 55,476.05 |
09/09/2009 |
5,600 |
11,96075 |
66,980.20 |
10/09/2009 |
2,613 | 12,00216 | 31,361.64 |
11/09/2009 |
2,987 | 12,05716 | 36,014.74 |
14/09/2009 |
1,000 | 11,82500 | 11,825.00 |
15/09/2009 |
4,048 | 11,97411 | 48,471.20 |
| 16/09/2009 | 3,214 | 11,90729 | 38,270.03 |
| 17/09/2009 | 4,238 | 12,02144 | 50,946.86 |
| 18/09/2009 | 1,000 | 12,04693 | 12,046.93 |
| 21/09/2009 | 3,500 | 12,20143 | 42,705.01 |
| 22/09/2009 | 200 | 12,53670 | 2,507.34 |
| 23/09/2009 | 1,000 | 12,73350 | 12,733.50 |
| 24/09/2009 | 0 | – | 0.00 |
| 25/09/2009 | 0 | – | 0.00 |
| 28/09/2009 | 2,000 | 12.40000 | 24,800.00 |
| 29/09/2009 | 338 | 12.35000 | 4,174.30 |
| 30/09/2009 | 862 | 12.41879 | 10,705.00 |
| 01/10/2009 | 1,234 | 12.15000 | 14,993.10 |
| 02/10/2009 | 2,066 | 12.12856 | 25,057.60 |
| 05/10/2009 | 1,200 | 12.18167 | 14,618.00 |
| 06/10/2009 | 3,500 | 11.96745 | 41,886.08 |
| 07/10/2009 | 943 | 11.96288 | 11,281.00 |
| 08/10/2009 | 1,864 | 11.88275 | 22,149.45 |
| 09/10/2009 | 2,293 | 11.78343 | 27,013.40 |
| 12/10/2009 | 160 | 11.90000 | 1,904.00 |
| 13/10/2009 | 2,240 | 12.18000 | 27,283.20 |
| 14/10/2009 | 0 | – | 0.00 |
| 15/10/2009 | 2,300 | 12.55936 | 28,886.53 |
| 16/10/2009 | 2,200 | 12.43396 | 27,354.71 |
| 19/10/2009 | 1,397 | 12.30998 | 17,197.04 |
| 20/10/2009 | 2,103 | 12.29148 | 25,848.98 |
| 21/10/2009 | 2,200 | 12.24170 | 26,931.74 |
| 22/10/2009 | 2,400 | 12.07083 | 28,969.99 |
| 23/10/2009 | 2,600 | 12.18546 | 31,682.20 |
| 26/10/2009 | 1,130 | 12.00000 | 13,560.00 |
| 27/10/2009 | 2,670 | 12.00936 | 32,064.99 |
| 28/10/2009 | 2,800 | 11.82321 | 33,104.99 |
| 29/10/2009 | 2,800 | 11.64354 | 32,601.91 |
| 30/10/2009 | 2,900 | 11.80000 | 34,220.00 |
| 02/11/2009 | 2,400 | 11.78750 | 28,290.00 |
| 03/11/2009 | 1,820 | 11.70000 | 21,294.00 |
| 04/11/2009 | 2,153 | 11.80000 | 25,405.40 |
| 05/11/2009 | 3,127 | 11.72878 | 36,675.90 |
| 06/11/2009 | 1,900 | 11.95000 | 22,705.00 |
| 09/11/2009 | 600 | 12.05333 | 7,232.00 |
| 10/11/2009 | 624 | 12.00000 | 7,488.00 |
| 11/11/2009 | 876 | 12.38014 | 10,845.00 |
| 12/11/2009 | 2,600 | 12.15385 | 31,600.01 |
| 13/11/2009 | 2,500 | 12.06400 | 30,160.00 |
| 16/11/2009 | 1,072 | 12.23433 | 13,115.20 |
| 17/11/2009 | 1,708 | 11.75000 | 20,069.00 |
| 18/11/2009 | 2,630 | 11.87605 | 31,234.01 |
| 19/11/2009 | 221 | 12.02000 | 2,656.42 |
| 20/11/2009 | 2,477 | 12.15380 | 30,104.96 |
| 23/11/2009 | 2,592 | 12.50000 | 32,400.00 |
| 24/11/2009 | 1,900 | 12.30263 | 23,375.00 |
| 25/11/2009 | 1,308 | 12.20719 | 15,967.00 |
| 26/11/2009 | 862 | 12.20975 | 10,524.80 |
| 27/11/2009 | 1,040 | 12.32057 | 12,813.39 |
| 30/11/2009 | 2,640 | 12.07197 | 31,870.00 |
01/12/2009 |
2,740 | 11.36698 | 31,145.53 |
| 02/12/2009 | 2,960 | 11.56812 | 34,241.64 |
| 03/12/2009 | 2,830 | 11.94845 | 33,814.11 |
| 04/12/2009 | 2,186 | 12.14154 | 26,541.41 |
| 07/12/2009 | 3,634 | 12.08058 | 43,900.83 |
| 08/12/2009 | 4,182 | 12.02242 | 50,277.76 |
| 09/12/2009 | 4,218 | 12.10906 | 51,076.02 |
| 10/12/2009 | 4,800 | 12.09833 | 58,071.98 |
| 11/12/2009 | 3,750 | 11.99627 | 44,986.01 |
| 14/12/2009 | 5,050 | 11.91485 | 60,169.99 |
| 15/12/2009 | 5,100 | 11.96091 | 61,000.64 |
| 16/12/2009 | 4,900 | 11.85816 | 58,104.98 |
| 17/12/2009 | 4,600 | 11.76413 | 54,115.00 |
| 18/12/2009 | 4,400 | 11.66364 | 51,320.02 |
| 21/12/2009 | 4,400 | 11.81500 | 51,986.00 |
| 22/12/2009 | 4,500 | 11.74889 | 52,870,01 |
| 23/12/2009 | 4,800 | 11.59375 | 55,650.00 |
| 24/12/2009 | 0 | – | 0 |
| 25/12/2009 | 0 | – | 0 |
| 28/12/2009 | 5,700 | 11.77981 | 67,144.92 |
| 29/12/2009 | 5,031 | 11.98542 | 60,298.65 |
| 30/12/2009 | 3,969 | 12.08488 | 47,964.89 |
| 31/12/2009 | 0 | – | 0 |
| 01/01/2010 | 0 | – | 0 |
| 04/01/2010 | 2,300 | 11.80555 | 27,152.77 |
| 05/01/2010 | 5,900 | 11.89686 | 70,191.47 |
| 06/01/2010 | 6,200 | 11.68176 | 72,426.91 |
| 07/01/2010 | 6,200 | 11.69636 | 72,517.43 |
| 08/01/2010 | 5,700 | 11.66444 | 66,487.31 |
| 11/01/2010 | 4,818 | 11.63359 | 56,050.64 |
| 12/01/2010 | 4,862 | 11.65969 | 56,689.41 |
| 13/01/2010 | 5,000 | 11.64800 | 58,240.00 |
| 14/01/2010 | 5,220 | 11.68381 | 60,989.49 |
| 15/01/2010 | 5,200 | 11.74058 | 61,051.02 |
| 18/01/2010 | 6,000 | 11.75000 | 70,500.00 |
| 19/01/2010 | 4,236 | 11.68971 | 49,517.61 |
| 20/01/2010 | 6,164 | 11.73773 | 72,351.37 |
| 21/01/2010 | 3,120 | 11,74869 | 36,655.91 |
| 22/01/2010 | 6,480 | 11.81253 | 76,545.17 |
| 25/01/2010 | 6,700 | 11.79558 | 79,030.39 |
| 26/01/2010 | 1,127 | 11.58895 | 13,060.75 |
| 27/01/2010 | 6,073 | 11.76995 | 71,478.91 |
| 28/01/2010 | 0 | – | 0 |
| 29/01/2010 | 5,800 | 11.73028 | 68,035.62 |
| 01/02/2010 | 5,500 | 11.59000 | 63,745.00 |
| 02/02/2010 | 3,500 | 11.63286 | 40,715.01 |
| 03/02/2010 | 5,200 | 11.65154 | 60,588.01 |
| 04/02/2010 | 5,400 | 11.69984 | 63,179.14 |
| 05/02/2010 | 5,300 | 11.59293 | 61,442.53 |
| 08/02/2010 | 5,300 | 11.52000 | 61,056.00 |
| 09/02/2010 | 5,200 | 11.50385 | 59,820.02 |
| 10/02/2010 | 3,520 | 11.50355 | 40,492.50 |
| 11/02/2010 | 4,540 | 11.54317 | 52,405.99 |
| 12/02/2010 | 2,040 | 11.58471 | 23,632.81 |
| 02/11/2010 | 3,760 | 12.73214 | 47,872.85 |
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