30 September 2009
Essent N.V. and RWE AG today completed the transaction they announced on 12 January 2009. Welcoming the Dutch company to the RWE Group, Juergen Grossmann, CEO of RWE AG, said: “This truly European partnership is a commitment to our company’s strategy in our core market: sustainable growth and innovative, climate-friendly power generation to better serve our customers. Together with Essent, we have even more energy to lead.” And he added: “We are extremely pleased with this addition to the RWE family. RWE and Essent make an ideal pair.”
28 September 2009
RWE AG intends to acquire in the time period from October 1, 2009 through no later than November 6, 2009 up to a maximum of 550,000 shares of RWE AG (ISIN DE0007037129 (ordinary shares)) subject to the following conditions. The number of shares to be acquired is limited by a total purchase price not exceeding € 38,5 million.
RWE AG hereby makes use of the right to acquire own shares granted under Section 71 (1) no. 2 of the German Stock Corporation Act (Aktiengesetz, AktG). The shares bought back shall only be used for the issuance of employee shares in connection with the Company’s share option programme for its employees (Belegschaftsaktienausgabe) for the year 2009.
The share buy-back will be carried out for account of the Company by a bank mandated by the Company. The bank shall make its decisions regarding the date of the acquisition of the shares and the respective volume of the shares to be bought back independently of and without influence by the Company. The shares shall be repurchased on stock exchanges at the most favourable terms for RWE AG.
In the performance of such activities, the bank is obliged to observe the trading conditions set forth in Art. 5 of the Commission Regulation (EC) No. 2273/2003 of 22 December 2003 (EC REG). According to the provisions of this Article, the bank may not determine a purchase price which exceeds the price of the last independent trade at the respective stock exchange or the highest current independent bid. The higher of both values shall be decisive. The bank must not acquire more than 25 % of the average daily volume of shares in one day on the stock exchange on which the purchase is 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 buy-back may be suspended and resumed at any time to the extent permissible under the relevant legal provisions.
The transactions will be disclosed in compliance
18 September 2009
A new Chief Executive Officer will be appointed for RWE npower. In December 2009, Andy Duff (50) will be standing down after six years as CEO of RWE npower in the UK. He will take up a new position in an advisory capacity as non-Executive Chairman of RWE npower from 1 January 2010. He will be succeeded as CEO from 1 January 2010 by Volker Beckers (45), who has been Chief Financial Officer of RWE npower since 2003.
04 September 2009
For the tenth time, RWE AG has qualified for inclusion in the Dow Jones Sustainability Index (DJSI).
03 September 2009
Voting rights announcement Capital Research and Management according to article 26, section 1 WpHG [Securities Trading Act]
01 September 2009
RWE today announced that its stock has joined the renowned Dow Jones Stoxx 50 Index. International awareness of RWE stock has significantly increased. The Dow Jones Stoxx 50 Index is considered the most important stock index in Europe. It comprises the 50 companies with the highest free float market capitalisation.
14 August 2009
RWE today announced that it has further reduced its shareholding in U.S. water utility American Water.
13 August 2009
Despite difficult economic conditions, RWE successfully navigated through the first half of fiscal 2009. A decline in industrial sales was offset by stable residential customer supply and grid business. "The first half of the year is confirmation that we can expect to meet our key earnings targets for 2009 despite the economic crisis", said Dr. Juergen Grossmann, CEO of RWE AG.