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 14, 2016 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 62,342 shares were acquired in the period from June 14, 2016 up to and including March 6, 2017 at an average purchase price of EUR 4.05 per share and thus a total price of EUR 252,217.80. This corresponds to a share of 0.68% in the share capital of ORBIS AG.
As of March 6, 2017, ORBIS AG holds a total of 708,083 treasury shares. This corresponds to a share in the share capital of ORBIS AG of 7.74%.
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 May 24, 2017, 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 December 22, 2003 in conjunction with Article 20 (1) of Council Directive 93/22/EEC of May 10, 1993 are published on the Internet at www.orbis.de.
The Management Board