Share buyback program innogy SE 2017

Share buyback October/November 2017

innogy SE has acquired 287,840 shares in innogy SE at the stock exchange  with a value of about €11.1 million in the time period from 2 to 25 October 2017 to satisfy its obligations under the employee share program 2017.

The share buyback program was executed on the basis of the authorization of the extraordinary shareholders’ meeting of the Company held on 30 August 2016 in conjunction with Art. 5 of the Regulation (EU) no. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse („MAR“).

The share buyback program was executed based on a contractual agreement with a bank. The bank was obliged to execute the acquisitions in compliance with the MAR, the Delegated Regulation (EU) 2016/1052 of the Commission supplementing the MAR with regard to regulatory standards for the conditions applicable to buyback programs and stabilization measures (“DR”), and in accordance with the above mentioned authorization of the shareholders’ meeting. 

The decision on when to acquire shares and the respective acquisition volume was taken by the bank independently and unaffected from the Company. The purchase price per share should neither exceed nor fall short of the arithmetical average of the auction closing price for shares of the Company on the Xetra trading system (or any trading system succeeding the Xetra trading system and being functional comparable said Xetra trading system) at the Frankfurt Stock Exchange over the last three trading days prior to the respective acquisition obligation by more than 10%. The shares should not be acquired at a price exceeding the higher of the last independent transaction and the at that time highest bid on the trading platform on which the acquisition was made. With regard to trading volume, the bank in particular should not acquire shares corresponding to more than 25% of the average daily share turnover on the trading platform on which the acquisition was made. The average daily turnover was calculated based on the average daily trading volume on the 20 trading days leading up to any purchase date.

To Announcement pursuant to Art. 5 para. 3 of the Regulation (EU) no. 596/2014 in connection with Art. 2 para 1 of the Delegated Regulation (EU) 2016/1052 of the Commission

The share buyback was finalised on 25 October 2017.

Overview share buyback program October/November 2017

Date Number of repurchased shares Price in € (average purchase price) Purchase volume in € Transaction details
02 to 06 Oct 2017 76,832 37.6461 2,892,428.55 As of 06 oct 2017 (XLS)
09 to 13 Oct 2017 91,675 38.4802 3,527,674.59 As of 13 oct 2017 (XLS)
16 to 20 Oct 2017 81,493 39.2287

3,196,861.67

As of 20 oct 2017 (XLS)
23 to 25 Oct 2017 37,840 39.4285 1,491,975.32 As of 25 Oct 2017 (XLS)
Total 287,840 38.5941 11,108,940.13