Auriga Industries A/S, Harboøre, Denmark, 2015-12-16 09:25 CET (GLOBE NEWSWIRE) --
Company announcement no. 25/2015
16 December 2015
Result of the share buy-back program and application for delisting from Nasdaq Copenhagen
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Auriga announces the result of the share buy-back program initiated on 24 November 2015.
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Auriga has decided to buy-back a total of 12,560,951 Class B shares at DKK 2.60 per Class B share of nominally DKK 0.20.
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The Board of Directors has decided to apply for the delisting of the company from Nasdaq Copenhagen.
- Auriga will conduct additional share buy-backs, which will be made through ordinary acquisitions in the market.
Result of the share buy-back program
On 24 November 2015, Auriga announced a share buy-back program, under which the Class B shareholders was provided with the possibility to sell their Class B shares in the company at DKK 2.60 per Class B share of nominally DKK 0.20. Reference is made to company announcement no. 24/2015 of 24 November 2015.
The offer period expired on 15 December 2015 at 4 pm, and the acceptances received have now been made up.
Against this background, the Board of Directors of Auriga has decided to buy back a total of 12,560,951 Class B shares at DKK 2.60 per Class B share of nominally DKK 0.20, equivalent to a total purchase price of DKK 32,658,472.60.
Settlement of the share buy-back is expected to be carried through on 18 December 2015 and will take place via the individual shareholder's depository bank or securities broker.
Following the settlement, the company will hold 12,686,631 treasury Class B shares, equivalent to approximately 50 % of the company’s total share capital.
Application for delisting from Nasdaq Copenhagen
At the same time, the Board of Directors has decided to apply for delisting of Auriga from Nasdaq Copenhagen. It is Nasdaq Copenhagen that finally determines whether the application for delisting will be accommodated and per which date.
Supplementary acquisitions in the market
Auriga will during the period until the company’s delisting conduct supplementary share buy-backs, which will be made through ordinary acquisitions in the market at the same price as used in the share buy-back, in accordance with the authorization adopted at the extraordinary general meeting on 23 November 2015.
AURIGA INDUSTRIES A/S
Jens Due Olsen
Chairman of the Board of Directors
More information:
Lene Faurskov
Manager, Investor Relations
Mobile: +45 41 64 05 04
investor@auriga.dk
