ecotel communication ag decides to repurchase shares

ecotel communication ag / Key word(s): Share Buyback
23.05.2012 15:42

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

The Managing Board of ecotel communication ag (WKN 000585434/ ISIN DE0005854343) decided today to repurchase up to 100,000 treasury shares (2.6 percent of the current share capital) between 25 May 2012 and 30 September 2012. The shares will be repurchased through the stock exchange. The countervalue per share paid by the company (without ancillary costs) must be within 10 % of the arithmetical average of the closing prices of the shares in the XETRA system on the three trading dates prior to the purchase. Based on the final prices of the shares in the XETRA system on the last three trading dates prior to the decision, this corresponds to a buy-back volume of up to about 0.51 million Euros.
The Managing Board thus makes use of the authorization resolution of the annual meeting of shareholders on 30 July 2010, which authorizes the Managing Board to purchase treasury shares totalling up to 10 % of the share capital by 29 July 2015. The repurchased shares can be used for all purposes provided for by the authorization resolution of the annual meeting of shareholders.

The shares will be repurchased under the direction of a financial institution in compliance with §§ 14 para. 2, 20a para. 3 WpHG in accordance with the Safe-Harbor provision pursuant to directive (EC) no. 2273/2003. The financial institution commissioned with the repurchase will make its decisions on the time of acquisition of the shares independently and uninfluenced by ecotel communication ag.

All transactions will be announced weekly, after they are carried out, on the company's website ( under Investor Relations.

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Language:     English
Company:      ecotel communication ag
              Prinzenallee 11
              40549 Düsseldorf
Phone:        +49 (0)211 55 00 70
Fax:          +49 (0)211 55 00 7 222
ISIN:         DE0005854343
WKN:          585434
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart  
End of Announcement DGAP News-Service