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Share buyback to facilitate issue of shares to employees
The Board of Management of Hornbach-Baumarkt-AG, based in Bornheim/Pfalz, ISIN DE0006084403, resolved on August 2, 2010 to acquire up to 20,000 own shares pursuant to Section 71 (1) No. 2 of the German Stock Corporation Act (AktG). The shares are to be acquired for the annual issue of shares to employees scheduled to take place at the end of 2010.
The buyback of shares on the basis of this management board resolution is to be undertaken in accordance with the safe harbor regulations set out in Section 20a (3) of the German Securities Trading Act (WpHG) in conjunction with Regulation (EC) No. 2273/2003 of the European Commission dated December 22, 2003.
The buyback of shares will begin on August 3, 2010 and will run for a limited period expiring on December 31, 2010.
Further information can be found here:
Announcement accompanying resolution adopted by Board of Management of HORNBACH-Baumarkt-AG in respect of the share buyback
Ad-hoc announcement in respect of the share buyback
Share buyback: overview of daily turnover
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