Business News
Krones completes share buyback programme
Friday 19. June 2009 - On the basis of the authorisation approved by the AGM on 18 June 2008, the Executive Board of Krones AG had decided on 21 January 2008 to purchase on the stock market up to 3,159,307 of the companys own shares (up to 10 per cent of the capital stock) before expiry of this authorisation.
The buyback programme thus approved ended when the new authorisation enacted at the AGM on 17 June 2009 came into force. The company thus completed its buyback programme on 17 June 2009. All purchases were handled in XETRA trading on the Frankfurt Stock Exchange through Commerzbank AG.
A total of 1,425,421 shares, or around 4.5 % of the capital stock, was purchased at an average price of 25.93 euros per share.