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DGAP-Adhoc: Basler AG: Resolution adopted about buying additional own shares


DGAP-Ad-hoc: Basler AG / Key word(s): Share Buyback
Basler AG: Resolution adopted about buying additional own shares

11-March-2020 / 16:19 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Inside Information according to Article 17 MAR

Basler AG: Resolution adopted about buying additional own shares

Ahrensburg, March 11, 2020 - The Management Board and the Supervisory Board of Basler AG have decided today to buy back additional own shares. On the basis of a solid liquidity as well as an effective resolution of the annual shareholders' meeting of May 16, 2019, the company wants to take advantage of the currently favorable share price in order to buy back additional non-par bearer shares via the stock market. The buyback will be carried out starting as soon as possible. In November 2018, the company ultimately bought back non-par bearer shares on the capital market and currently holds 4.7 % (492,243 pieces) of own shares.

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Basler is the leading manufacturer of high-quality cameras and image processing components for industry, medicine, traffic and a variety of other markets. The company's product portfolio encompasses area scan and line scan cameras in compact housing dimensions, camera modules in board level variants for embedded solutions, 3D cameras, as well as frame grabber cards. The catalog is rounded off by our user-friendly pylon SDK plus a broad spectrum of accessories, including several developed specially for Basler and optimally harmonized for our cameras. Basler has three decades of experience in computer vision and is home to approximately 800 employees.

Basler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 - 62, 22926 Ahrensburg, Tel. +49 (0)4102-463100, ir/baslerweb.com, www.baslerweb.com, ISIN DE 0005102008




Contact:
Basler AG
Verena Fehling
Tel. +49 4102 463 101
Email: [email protected]

11-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Basler AG
An der Strusbek 60-62
22926 Ahrensburg
Germany
Phone: 04102-463 0
Fax: 04102-463 109
E-mail: [email protected]
Internet: www.baslerweb.com
ISIN: DE0005102008
WKN: 510200
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 994849

 
End of Announcement DGAP News Service

994849  11-March-2020 CET/CEST

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Basler AG Stock

€9.92
-0.200%
The price for the Basler AG stock decreased slightly today. Compared to yesterday there is a change of -€0.020 (-0.200%).
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the Basler AG stock is not clear.
As a result the target price of 13 € shows a positive potential of 31.05% compared to the current price of 9.92 € for Basler AG.
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