Hamburg, 26 June 2019 – The Management Board of Bijou Brigitte modische Accessoires AG decided on a share buy-back programme on 26 June 2019 with the approval of the Supervisory Board on the same day. Between 27 June 2019 and 17 June 2024, up to 250,000 individual shares in Bijou Brigitte modische Accessoires AG (ISIN DE0005229504), corresponding to 3.09% of the share capital, will be purchased at a total purchase price (excluding ancillary costs of purchase) of up to EUR 10,000,000.00, subject to the following conditions.
The Management Board hereby makes use of the authorisation granted by shareholders of the company at the Annual General Meeting on 18 June 2019 to purchase own shares amounting to up to 10% of the existing share capital of Bijou Brigitte modische Accessoires AG until 17 June 2024. These shares can be used for all purposes set out in the authorisation resolution passed by the Annual General Meeting on 18 June 2019.
The share buy-back will be carried out on behalf of and for the account of the company by a bank commissioned by the company. The bank shall make its decisions regarding the date of the acquisition of the shares and the respective volume of the acquired shares independently of and without influence from the company. The shares shall be repurchased on the stock exchange as favourably as possible for Bijou Brigitte modische Accessoires AG. The purchase price paid per share by the company (excluding ancillary purchase costs) may not exceed or fall short by more than 10% of the average stock exchange price of the company’s shares in the closing auction in the Xetra trading system (or a comparable successor system) on the Frankfurt Stock Exchange on the three trading days preceding the obligation to purchase own shares.
The bank is hereby obliged to observe the trading conditions stipulated in Section 3 of the Delegated Regulation (EU) 2016/1052 of 8 March 2016.
The share buy-back may be suspended and resumed at any time to the extent permissible under the relevant legal provisions.
The share buy-back is to take place in accordance with Regulation (EU) 596/2014 of 16 April 2014 and the Delegated Regulation (EU) 2016/1052 of 8 March 2016.
Bijou Brigitte modische Accessoires AG will disclose the transactions in compliance with the requirements of Section 2 (2) of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 no later than at the end of the seventh trading day following the date of execution of such transactions at www.group.bijou-brigitte.com/investor-relations.
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