Regulated information
1/09/2011 - 6.30am
The Kinepolis Group NV announces that the company will today launch a share buy back programme, in which an agent has been mandated to purchase up to 300.000 own shares on behalf of the Kinepolis Group NV over a period of three months, either on the stock exchange or outside of it.
The share buy back will be carried out within the conditions specified in the authorization by the Extraordinary General Meeting of May 20, 2011. Under this authorization, the Board of Directors is authorized to repurchase a maximum of 1,108,924 own shares under certain conditions, 1,074,270 of which for the purpose of cancellation and 34,654 to cover new options, at a price that may not be lower than the par value per share, and not higher than 115% of the closing price at which the shares were quoted on Euronext Brussels the day before the date of buy back.
The timing of the buy back of shares under this programme depends on a variety of factors, including market conditions. The programme can be stopped at any time.
During the course of the programme, the company will inform the market about the purchased shares at regular intervals and in accordance with the applicable regulations.
KINEPOLIS GROUP NV
Public Limited Company that is making or has made a public appeal to savings
Eeuwfeestlaan 20, 1020 Brussels
Enterprise number VAT BE 0415.928.179
RLP Brussels