DGAP-Capital Market Information: OSRAM Licht AG: Release of a capital market information

OSRAM Licht AG  / Disclosure according to Art. 4 para. 2 of the
Regulation (EC) no. 2273/2003 / Buyback of own shares

07.01.2016 15:19

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Disclosure according to Art. 4 para. 2 of the Regulation (EC) no. 2273/2003

Buyback of own shares

On 02 November 2015, the managing board of OSRAM Licht AG resolved to buy
back own shares of the company. The share buyback was announced in an
ad-hoc release on 10 November 2015 after approval by the supervisory board.

The share buyback will commence on 11 January 2016. In the time period
until (and including) 10 July 2017, up to 10.270.030 own shares of the
company having a value of up to EUR 500 Mio. shall be repurchased. The
managing board thereby exercises the authorization granted by the general
meeting of OSRAM Licht AG on 14 June 2013 to acquire treasury shares
pursuant to Sec. 71 para. 1 no. 8 of the German Stock Corporation Act
(Aktiengesetz, AktG).

The share buyback serves all purposes which are in compliance with the
general meeting's resolution dated 14 June 2013.

A bank will be mandated to carry out the buyback which will take its
decisions on the timing of the acquisition of the shares independently of
and without influence by the company. However, the right of OSRAM Licht AG
to terminate the buyback remains unaffected.

The buyback shall be carried out exclusively over the XETRA trading system
(or a comparable successor system) on the Frankfurt Stock Exchange. The
shares shall not be bought in any opening, midday or closing auction. The
purchase price per share (without ancillary purchasing costs) may not
exceed the average of the stock exchange price of the shares of OSRAM Licht
AG in the closing auction of the three preceding trading days on the XETRA
trading system on the Frankfurt Stock Exchange by more than 10% or fall
below the said price by more than 20%.

The bank is obligated to observe the trade terms of Article 5 of the
Regulation (EC) no. 2273/2003 of the Commission of 22 December 2003
('Regulation 2273/2003') and - after their entry into force - any
regulation enacted on the basis of Article 5 para. 6 of the Regulation (EU)
no. 596/2014 of the European Parliament and of the Council of 16 April 2014
on market abuse ('Delegated Act'). According to Article 5 para. 1 of the
Regulation 2273/2003, no purchase price may be paid which exceeds the price
of the last independent trade or (if such price is higher) of the highest
current independent offer at the stock exchange on which the purchase is
conducted. In compliance with Article 5 para. 2 of the Regulation
2273/2003, no more than 20% of the average daily trading volume of shares
of the company at the stock exchange where the purchase is effected will be
acquired. The average daily trading volume will be calculated on the basis
of the average daily trading volumes of the twenty trading days preceding
the day of purchase.

The share buyback may be suspended and be resumed at any time in accordance
with the applicable legal provisions.

The transactions will be announced in accordance with the requirements of
Art. 4 para. 4 Regulation 2273/2003 (or after their entry into force any
requirements according to the Delegated Act) at the latest on the seventh
trading day following their execution.

Furthermore, OSRAM Licht AG will report on the progress of the share
buyback regularly under http://www.osram-group.com/share-buyback.

Munich, 7 January 2016

OSRAM Licht AG

The Executive Board



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Language:     English
Company:      OSRAM Licht AG
              Marcel-Breuer-Straße 6
              80807 München
              Germany
Internet:     www.osram-licht.ag

End of Announcement                             DGAP News-Service


  

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