Share buyback October 2013
RWE AG acquired 451,750 ordinary shares of RWE AG (ISIN DE0007037129) with a value of some €12.0 million in the time period from 1 to 23 October 2013.
The shares bought back were used for the issuance of employee shares in connection with the Company’s share option programme for its employees (Belegschaftsaktienausgabe) for the year 2013.
The shares were repurchased on stock exchanges at the most favourable terms for RWE AG. The mandated bank was not allowed to determine a purchase price which exceeded the price of the last independent trade at the respective stock exchange or the highest current independent bid. The higher of both values was decisive. The bank was not allowed to acquire more than 25 % of the average daily volume of shares in one day on the stock exchange on which the purchase was carried out. The average volume of shares is based on the average daily volume of shares traded in the twenty trading days preceding the date of purchase.
The share buyback was finalised on 23 October 2013.
Overview share buyback programme October 2013
|*) average purchase price|
|Date||Ordinary shares||Purchased volume (in €)|
|Number of shares||Price|