BAVARIA Industriekapital AG started Share Buy-Back Program
Munich, September 2007: BAVARIA Industriekapital AG's Board of Management decided on a share buyback program in August 2007, approved by the Annual Meeting on 25 May 2007, in accordance with Section 71 para. 1 item 8 of the German Stock Companies Act.
In the period from August 2007 to September 20, 2007, a number of 31.400 BAVARIA Industriekapital shares were acquired for a total acquisition value of EUR 429 thousands via the stock exchange. This is equal to an average share price of EUR 13,65. The company may acquire own shares up to a maximum of 10% of the share capital at the time of authorization (25 May 2007). The shares are executed exclusively through the stock exchange. The buy-back will take place under the management of an investment bank.
The share buy-back will be initially restricted to a total purchase price (excluding incidental expenses) of EUR 1,0 Million; on the basis of the share price level on 20 September 2007 (approx. 13,50 EURO), this would be around 74.000 shares or 1,12% of the current share capital. In the case of a rising or falling share price, the number of shares to be acquired will change accordingly.
The share buy-back was taken into consideration since the management of BAVARIA Industriekapital AG considered the present shares being significantly undervalued. The repurchased shares will be booked into current assets. Therefore they can be transferred later as employee shares or be sold via the stock exchange. The buy-back program may be stopped and resumed at any time.
BAVARIA Industriekapital AG will keep its stakeholders informed about the progress of the share buy-back program regularly on its website (www.baikap.de).
BAVARIA Industriekapital AG obtained sales revenue of EUR 333 million and an EBITDA of EUR 51 million in 2006 and is listed int the Entry Standard (Open Market) at the Frankfurt Stock Exchange. The group, with its headquarter in Munich, acquires companies with strong market position and a great potential of improvement.
For additional information please contact:
BAVARIA Industriekapital AG Frau Sibylle Wienecke Investor Relation sibylle.wienecke(AT)baikap.de Tel +49 (0)89 7298 967 - 20.
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BAVARIA Industriekapital AG Bavariaring 18 München Germany
WKN: 260555; ISIN: DE0002605557; Listed: Entry Standard in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover;