Share Buyback Program 2007
Authorized by the resolution of the Shareholders' Meeting from March 23, 2007, a share buyback program was first launched via the stock exchange on June 25, 2007. Until August 6, 2007, 165,394 own shares were acquired this way at a total cost of EUR 1,107,972.48.
A total of 139,000 own shares purchased were transferred to the former minority stakeholders in m2any GmbH for the acquisition of shares in m2any GmbH (today mufin GmbH).
On August 31, 2007, the Management Board decided to submit a public buyback offering to MAGIX shareholders covering 1,100,809 shares for a price of EUR 5 per share. Another 1,100,744 own shares were acquired this way, which were then transferred to the company in October 2007. In the context of the share buyback program 2007, MAGIX thus purchased 1,266,138 own shares at a total cost of EUR 6,611,692.48.
The 1,127,138 own shares (1,266,138 shares minus the 139,000 shares to the former minority shareholders of m2any GmbH) remaining in the company were retired in simplified form in accordance with Art. 71 sec. 1 no. 8 sentence 6 of the German Stock Corporation Act with effect from April 9, 2008. The company's nominal capital, which continued to amount to EUR 12,662,038.00 after the retirement, was thereupon divided into 11,534,900 common shares without nominal value (no-par-value shares).
Notice on the share buyback program 2007
Retirement of own shares
16.06.2008
After the MAGIX AG Management Board was authorized by the March 12, 2008 Shareholders' Meeting to conduct a second share buyback program, the Management Board retired the 1,127,138 shares purchased in the course of the first share buyback program. The retirement is effective as of April 9, 2009. As a result, the total number of voting ...
MAGIX acquires 1.1 million of its own shares
27.09.2007
Within the scope of a publicly submitted buyback offer, MAGIX AG (ISIN DE0007220782) acquired 1,100,809 of its own shares for a price of five euros per share. The total volume of the transaction amounted to 5,504,045 euros. The offer, which was limited to 21 September, was oversubscribed with 1,282,374 tendered shares. Therefore, the ...
MAGIX announces public buyback offer
30.08.2007
The Executive Board of MAGIX AG (ISIN DE0007220782) has decided today to announce a public buyback offer to its shareholders. Shares will be accepted between Monday, September 3, 2007 and Friday, September 21, 12:00 CET. The offering price of EUR 5.00 per share is within the margin of 10 per cent above or below the average closing ...
MAGIX AG starts share buyback program
25.06.2007
Following the approval by the Supervisory Board the Executive Board of MAGIX AG (ISIN DE0007220782) has decided to buy back up to 1,266,203 of its own shares – corresponding to just about 10% of the share capital – during the period of 25 Jun 2007 to 1 Jun 2008. The Board is thus taking advantage of the authorization to buy back own ...
Annual general meeting agrees to share buyback
26.03.2007
On Friday, 23 March 2007 the annual general meeting of the shareholders' of MAGIX AG (ISIN DE0007220782) agreed to the share buyback program proposed by the Management Board and Supervisory Board. Thereafter, the Management Board will be entitled to purchase 1,266,203 shares, ca. 10 percent of the entire voting share via stock market ...