HOCHTIEF Aktiengesellschaft / Notice in accordance with Article 4 (2) of Commission Regulation (EC) No 2273/2003
22.02.2010 16:45
Dissemination of a Post-admission Duties announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Notice in accordance with Article 4 (2) of Commission Regulation (EC) No
2273/2003
The Executive Board of HOCHTIEF Aktiengesellschaft resolved on February 22,
2010 to approve the sale of HOCHTIEF shares by HOCHTIEF Pension Trust e.V.
HOCHTIEF Pension Trust e.V. intends to sell on the stock market up to
2,100,950 shares in HOCHTIEF Aktiengesellschaft (ISIN DE0006070006) between
February 23, 2010 and June 30, 2010. Based on the HOCHTIEF stock price as
of February 19, 2010, this corresponds to a sale of shares to the value of
up to EUR 115.9 million.
The shares will be sold by order and for the account of HOCHTIEF Pension
Trust e.V. by a bank commissioned by HOCHTIEF Pension Trust e.V. The bank
will decide independently in each instance, without influence from HOCHTIEF
Pension Trust e.V., on the sale timing and the quantity to be sold. The
shares will be sold on the stock market to the best possible advantage of
HOCHTIEF Pension Trust e.V.
The bank must comply in this connection with the trading conditions set out
in Articles 4 to 6 of Commission Regulation (EC) No 2273/2003 of December
22, 2003 (the Regulation) and with the remaining applicable stipulations.
Under Article 5 (1) of the Regulation, the bank must not sell the shares at
a price lower than the lower of the price of the last independent trade and
the lowest current independent bid on the trading venues where the sale is
carried out. Under Article 5 (2) of the Regulation, the bank must not sell
more than 25 percent of the average daily volume of the shares in any one
day on the stock market on which the sale is carried out. The average daily
volume figure is the average daily volume traded in the last twenty stock
market trading days preceding the sale.
The sale of shares may, subject to compliance with the applicable legal
requirements, be halted and restarted at any time.
The transactions will be publicly disclosed in a manner compliant with the
requirements of Article 4 (4) of the Regulation no later than the end of
the seventh daily market session following the date of execution. HOCHTIEF
Pension Trust e.V. will additionally provide regular information on the
progress of the share buy-back on www.hochtief.com.
Essen, February 22, 2010
HOCHTIEF Aktiengesellschaft
The Executive Board
22.02.2010 16:45 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: HOCHTIEF Aktiengesellschaft
Opernplatz 2
45128 Essen
Deutschland
Internet: www.hochtief.de
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