Stock repurchase Program

By shareholders’ resolution passed on May 4, 2010 at the Annual General Meeting of ELMOS Semiconductor AG, Dortmund, the Management Board has been authorized, with the Supervisory Board’s consent, to purchase the company’s own shares in the amount of up to 10% of the share capital until May 3, 2015. The Management Board has decided with the Supervisory Board’s consent to make use of the authorization. The share buyback is set to begin on June 7, 2010. Altogether up to 200,000 own shares (ISIN DE0005677108), or 1.03% of the share capital, are intended to be repurchased. The total purchase price for the acquisition of the company’s own shares on the basis of aforementioned resolutions must not exceed 1,600,000 Euro (not including additional purchase costs). The buyback is scheduled to end before or on August 31, 2010. The repurchased shares are intended to be issued primarily in the form of employee stock and as share-based remuneration components for Management Board members at a later time.

The shares will be repurchased on the stock exchange in accordance with Commission Regulation (EC) No 2273/2003 of December 22, 2003. The buyback is carried out by employing a credit institution within the meaning of Article 2 no. 2 of Regulation (EC) No 2273/2003 which will make its decisions on timing the purchase of the company’s shares independently of and not influenced by ELMOS Semiconductor AG. The purchase price per share (net of additional purchase costs) must neither exceed the opening price as of the purchase date through Xetra trading at the Frankfurt/Main Stock Exchange by more than 10% nor undercut it by more than 20%.

The Management Board may suspend the share buyback and resume it at any time in compliance with the insider trading regulations provided under the German Securities Trading Act (Wertpapierhandelsgesetz).

ELMOS Semiconductor AG will announce the buyback of own shares for each trading day with respect to the date, the number of shares repurchased, and the volume weighted average price within seven trading days here.

To the archive of stock repurchase programs