Sale of own shares

When preparing the annual accounts it has been established that, at the point in time own shares were acquired on the basis of the authorization by the general meeting of 27 May 2010, the company could not form the hypothetical reserve in accordance with Section 71, Paragraph 2 German Stock Corporation Act. In total, 193.837 shares are affected, which were acquired between 2010 and 2012, as part of a share repurchase program.
According to Section 71 c, Paragraph 1 German Stock Corporation Act the Management Board is obliged to sell the respective own shares within one year following the acquisition. Shares that have been acquired more than one year ago (currently 193.837) have to be redeemed in accordance with Section 71 c, Paragraph 3 in connection with Section 237 German Stock Corporation Act; a primary sell of these shares can be considered until the general meeting has adopted a resolution on the redemption.

The Management Board is currently checking the possibilities to sell the own shares held by the company. To the extent the own shares will not be sold, a proposal will be submitted to this year’s annual general meeting to resolve the redemption of the shares.


The Management Board