- Temporary suspension of stock buy-back programme in view of this year's AGM
Freudenstadt, January 11, 2008. On November 9, 2007, the Management Board of schlott gruppe AG passed a resolution for the repurchase of company shares, announcing its decision in the form of an ad hoc release. Management is of the opinion that the current stock market price of company shares does not adequately reflect the opportunities presented to schlott gruppe in connection with the ongoing process of consolidation witnessed in the European gravure printing industry.
Additionally, the company is currently in the process of strengthening significantly its earnings prospects. Within this context, it has initiated a cost-reduction programme spanning a period of three years, the aim of which is to enhance the company's competitive position in a sustainable manner.
In view of this year's Annual General Meeting of schlott gruppe AG on February 26, 2008, schlott gruppe AG will suspend all stock repurchases in the period from January 14 to February 27, 2008.
From the start of the buy-back to the present date, inclusive, the company reacquired 54.358 shares for a total purchase consideration of EUR 947,822.05. The continuation of share buy-back transactions will be announced in due course.
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