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Adler Modemaerkte AG to sell treasury shares


Monday, 13 Jan 2014 12:18pm EST 

Adler Modemaerkte AG:Announces the sale of up to 888,803 treasury shares (up to approx. 4.8 percent of the current share capital) at short notice in a manner other than through the stock exchange or by making offers to all shareholders and by excluding the shareholders' subscription right.Says share will be offered for acquisition to qualified investors in Germany and in other European countries by way of an accelerated bookbuilding in connection with a private placement without the publication of a prospectus.Says selling price will be determined immediately following the completion of the bookbuilding process and must not be substantially lower than the stock exchange price of shares of the company carrying the same rights at the time of the sale.Says company intends to use the proceeds from the sale accruing to it for purposes of its medium-term strategy, inter alia for seizing attractive opportunities to make specific acquisitions. 

Company Quote

11.26
0.09 +0.81%
15 Aug 2014