KUKA sells 1.33 million treasury shares
Augsburg, May 12, 2011
May 12, 2011
On May 11, 2011, KUKA Aktiensgesellschaft's Executive Board resolved to sell the 1,327,340 treasury shares the company purchased in 2008 (ref. KUKA AG ad hoc announcement dated May 11, 2011).
Before deducting the brokerage fee, KUKA Aktiengesellschaft will receive a gross amount of EUR 24.7 million from the sale of the treasury shares at a price of EUR 18.60 per share. The transaction was handled by UniCredit Bank AG and Joh. Berenberg, Gossler & Co. KG.
The transaction proceeds will further strengthen the equity base of KUKA Aktiengesellschaft.