Senvion S.A. / Key word(s): Share Buyback 15.08.2016 14:22 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Senvion S.A. Luxembourg ISIN: LU1377527517 Securities Code No.: A2AFKW Senvion S.A.: Board of Management resolves on share buy-back program Senvion S.A. / Key word(s): Share Buyback Disclosure of an inside information according to Article 17 MAR Luxembourg, 15 August 2016: Today, the Management Board of Senvion S.A., Luxembourg, ISIN LU1377527517, ("Company"), resolved to launch a share buy- back program to repurchase up to 6,500,000 shares corresponding to 10% of the Company's issued share capital. On the basis of a solid liquidity, the Company wants to take advantage of the currently favourable share price in order to buy-back shares via the stock market. The buy-back will be carried out starting within Q III and run no longer than 24 months. The buy-back program is based on the authorization of the resolution of the shareholders' general meeting of 21 March 2016 granted for a term of five (5) years to repurchase or redeem shares of the Company in the aggregate nominal amount not exceed twenty- five per cent (25 %) of the aggregate nominal amount of the issued share capital of the Company. According to the authorization of the shareholders' general meeting the repurchases or redemptions of shares can be made within a price range between EUR 10.00 and EUR 35.00 per share. The maximum total purchase price for which shares are to be acquired by Senvion S.A. in any case shall not exceed EUR 75 mio. The buy-back will be carried out via the stock exchange through a credit institution that will decide upon the time of the individual buy-backs independently of Senvion S.A. The credit institution will be obliged to adhere to the restrictions set out in the authorization of the shareholders' general meeting and safe harbour regulations set out in Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and Council dated 16 April 2014 and with the Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. The shares to be repurchased by the Company can be used for all purposes permitted according to the applicable regulations of Luxembourg Law. Further details relating to the share buy-back program shall be announced separately. It is noted to the investment community that, the Company may decide, at its discretion, not to implement the program or to purchase fewer shares than the maximum approved by the shareholders' general meeting. The program implementation will depend on several factors including, without limitation, the existence of other investment opportunities and the availability of funds. The Management Board Senvion S.A. Press contact: Investor Relations contact: Verena Puth Dhaval Vakil phone: +49 40 5555 090 3051 phone: +44 20 7034 7992 mobile: +49 174 30 54 576 mobile: +44 7788 390 185 email: verena.puth@senvion.com email: dhaval.vakil@senvion.com 15.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Senvion S.A. 25C, boulevard Royal 2449 Luxembourg Grand Duchy of Luxembourg Phone: +49 40 5555 090 3517 Fax: +49 40 5555 090 3911 E-mail: press@senvion.com Internet: www.senvion.com ISIN: LU1377527517 WKN: A2AFKW Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxemburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Senvion S.A.: Board of Management resolves on
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