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Share Repurchase Program

A resolution of the ordinary Shareholders' General Meeting of centrotherm photovoltaics AG of June 11, 2008 authorized the company, pursuant to § 71 Paragraph 1 Number 8 of the German Stock Corporation Act (AktG), to repurchase its own shares to an attributable proportional amount of up to 10% of the share capital in existence at the time of the Shareholders' General Meeting's resolution.

The authorization may be utilized either wholly or in partial amounts, once or on several occasions, by the company, its Group companies, or on its behalf, or for its account, by third parties. It ends at the latest by December 10, 2009.

Share repurchase from November 7 to November 21, 2008

  • A total of 128,014 shares were repurchased at an average price of € 19.95 per share. This is equivalent to approx. 0.6 % of the share capital.
  • Purpose: Payment for the acquisition of the remaining shares in SolMic GmbH
  • Commerzbank AG was mandated to perform the share purchase.
  • The share repurchase was performed in accordance with the safe harbor regulations of § 20a Paragraph 3 of the German Securities Trading Act (WpHG)

Overview of share repurchase (PDF 0.1 MB)

Share repurchase from July 3 to July 23, 2008

  • A total of 156,000 of the company's own shares were acquired during this period at an average price of €50.86. This is equivalent to 1% of the company's current share capital.
  • The shares were acquired as counter-payment for the acquisition of the minority stake in GP Solar GmbH.
  • Deutsche Bank AG was mandated to perform the share purchase.
  • The share repurchase was performed in accordance with the safe harbor regulations of § 20a Paragraph 3 of the German Securities Trading Act (WpHG)

DE - Overview of share repurchase (PDF 0.3 MB)