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ECOTEL COMMUNICATION AG (FRA:E4C) ecotel communication ag: ecotel communication ag decides on share repurchase program

Directive transparence : information réglementée

31/03/2014 08:38
ecotel communication ag / Key word(s): Share Buyback 31.03.2014 08:38 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Managing Board of ecotel communication ag (WKN 000585434/ ISIN DE0005854343) has decided today to repurchase up to 90,000 shares (equivalent to 2.6 percent of the current share capital) between 31 March 2014 and 30 June 2014. The shares will be repurchased via the stock exchange. The price per share paid by the company (without ancillary costs) must be within 10 % of the average closing price of the share in the XETRA system on the three trading dates prior to the purchase. Based on the final price of the share in the XETRA system on the last three trading dates prior to the decision, this corresponds to a buy-back volume of up to about 0.72 million Euro. The Managing Board thus makes use of the authorization resolution of the annual meeting of shareholders on 30 July 2010, which authorizes the Managing Board to purchase treasury shares totalling up to 10 % of the share capital by 29 July 2015. The repurchased shares can be used for all purposes provided for by the authorization resolution of the annual meeting of shareholders. All transactions will be announced weekly, after they are carried out, on the company's website (www.ecotel.de) under Investor Relations. About ecotel communication ag: Listed in the Prime Standard segment of the Frankfurt Stock Exchange, ecotel communication ag is a telecommunications company with activities in three business sectors throughout Germany. In the core segment of »Business Solutions« ecotel provides about 18,000 business customers with an integrated product portfolio consisting of voice, data and mobile communications solutions. This includes nationwide available and convergent bundled products, broadband data access on the basis of DSL and Ethernet technologies, scalable networking of corporate locations (VPNs) as well as housing and hosting services. In the second segment, »Wholesale Solutions«, the ecotel group markets preliminary service products to other telecommunications companies. At the same time, the company achieves high traffic volumes in this segment, enhancing added value for the core segment of »Business Solutions«. In addition to the international wholesale voice activities of ecotel, mvneco GmbH is also included in this segment. The »New Business« segment covers new, fast-growing business segments and niches by means of independently operating subsidiaries. In addition to easybell GmbH, which is aligned to private customer business, nacamar GmbH, which now focuses exclusively on new media activities, is part of this independent business unit. The corporate group, with its main office in Düsseldorf, currently has about 200 employees, including subsidiaries and holdings. Please note: This publication does not constitute an offer for the sale of shares in the company or a solicitation of an offer for the purchase of shares in the company. Furthermore, this publication shall not constitute a securities prospectus. It is forbidden to distribute this document outside of Germany, and in particular the United States of America, Canada, Australia or Japan. PR office: Business and Financial Media Annette Drescher (Assistant to the Managing Director) Phone: 0211-55 007-740 Fax: 0211-55 007 5 740 E-mail: presse@ecotel.de For more information, please visit us on the web at www.ecotel.de 31.03.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ecotel communication ag Prinzenallee 11 40549 Düsseldorf Germany Phone: +49 (0)211 55 00 70 Fax: +49 (0)211 55 00 7 222 E-mail: info@ecotel.de Internet: http://www.ecotel.de ISIN: DE0005854343 WKN: 585434 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------