QSC AG completes share buy-back
Cologne, November 5, 2012. QSC AG (German Securities ID 513700/ISIN DE0005137004) has completed the share buy-back program on November 5, 2012, which had been resolved by the Management Board on May 11, 2012, and announced on the same day. From May 21, 2012 until November 5, 2012 a total of 13,699,913 treasury shares were bought back via the stock exchange. This corresponds to 9.98% of the current capital stock. The Management Board has thus made full use of the authorization of the General Meeting held on May 20, 2010.
The purchase price was on average € 2.117 per QSC share. Altogether the shares were bought back at a total price of € 29.0 million (excluding ancillary costs). The repurchased shares will be kept in treasury stock of QSC AG until further notice and shall later be used for one or several of the intended purposes set forth in the authorization resolution of the General Meeting.
The share buy-back was carried out by Joh. Berenberg, Gossler & Co. KG, Hamburg, which decided independently and unaffected by QSC AG on the timing of the individual buy-backs. Information on the transactions pursuant to Article 4 para. 4 of the Regulation (EC) No. 2273/2003 is published on www.qsc.de under "Investor Relations".