Suspension of the share buyback program
On the basis of the authorization granted by the Annual General Meeting on May 28, 2014, the Management Board of ORBIS AG resolved on June 9, 2015 to acquire up to a further 100,000 of the Company's own shares on the stock exchange by May 27, 2019 at the latest.
As part of the share buyback program, a total of a further 31,038 shares were acquired in the period from June 9, 2015 up to and including April 1, 2016 at an average purchase price of EUR 3.414 per share and thus a total price of EUR 105,963.73. This corresponds to a share of 0.34% in the share capital of ORBIS AG.
As of April 1, 2016, ORBIS AG holds a total of 662,013 treasury shares. This corresponds to a share in the share capital of ORBIS AG of 7.24%.
The shares were acquired by ODDO SEYDLER BANK AG, Frankfurt am Main, exclusively via Xetra trading on the Frankfurt Stock Exchange.
In view of the upcoming Annual General Meeting of ORBIS AG on June 2, 2016, the share buy-back program is suspended with immediate effect.
The information on the transactions pursuant to Article 4 (3) and (4) of Commission Regulation (EC) No. 2273/2003 of 22 December 2003 in conjunction with Article 20 (1) of Council Directive 93/22/EEC of 10 May 1993 are published on the Internet at www.orbis.de.
The Management Board