Senvion S.A.: Board of Management resolves on share buy-back program

Senvion S.A.  / Key word(s): Share Buyback

15.08.2016 14:22

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Senvion S.A.
Luxembourg
ISIN: LU1377527517
Securities Code No.: A2AFKW

Senvion S.A.: Board of Management resolves on share buy-back program
Senvion S.A. / Key word(s): Share Buyback
Disclosure of an inside information according to Article 17 MAR

Luxembourg, 15 August 2016: Today, the Management Board of Senvion S.A.,
Luxembourg, ISIN LU1377527517, ("Company"), resolved to launch a share buy-
back program to repurchase up to 6,500,000 shares corresponding to 10% of
the Company's issued share capital.

On the basis of a solid liquidity, the Company wants to take advantage of
the currently favourable share price in order to buy-back shares via the
stock market. The buy-back will be carried out starting within Q III and
run no longer than 24 months. The buy-back program is based on the
authorization of the resolution of the shareholders' general meeting of 21
March 2016 granted for a term of five (5) years to repurchase or redeem
shares of the Company in the aggregate nominal amount not exceed twenty-
five per cent (25 %) of the aggregate nominal amount of the issued share
capital of the Company. According to the authorization of the shareholders'
general meeting the repurchases or redemptions of shares can be made within
a price range between EUR 10.00 and EUR 35.00 per share. The maximum total
purchase price for which shares are to be acquired by Senvion S.A. in any
case shall not exceed EUR 75 mio.

The buy-back will be carried out via the stock exchange through a credit
institution that will decide upon the time of the individual buy-backs
independently of Senvion S.A. The credit institution will be obliged to
adhere to the restrictions set out in the authorization of the
shareholders' general meeting and safe harbour regulations set out in
Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and
Council dated 16 April 2014 and with the Delegated Regulation (EU)
2016/1052 of the Commission dated 8 March 2016. The shares to be
repurchased by the Company can be used for all purposes permitted according
to the applicable regulations of Luxembourg Law. Further details relating
to the share buy-back program shall be announced separately.

It is noted to the investment community that, the Company may decide, at
its discretion, not to implement the program or to purchase fewer shares
than the maximum approved by the shareholders' general meeting. The program
implementation will depend on several factors including, without
limitation, the existence of other investment opportunities and the
availability of funds.


The Management Board
Senvion S.A.



Press contact:                        Investor Relations contact:
Verena Puth                           Dhaval Vakil
phone: +49 40 5555 090 3051           phone: +44 20 7034 7992
mobile: +49 174 30 54 576             mobile: +44 7788 390 185
email: verena.puth@senvion.com        email: dhaval.vakil@senvion.com


15.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Senvion S.A.
              25C, boulevard Royal
              2449 Luxembourg
              Grand Duchy of Luxembourg
Phone:        +49 40 5555 090 3517
Fax:          +49 40 5555 090 3911
E-mail:       press@senvion.com
Internet:     www.senvion.com
ISIN:         LU1377527517
WKN:          A2AFKW  
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart, Tradegate Exchange; Luxemburg
 
End of Announcement                             DGAP News-Service
 
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