Karlsruhe, 16.06.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.
WEB.DE AG WEB.DE AG continues stock buy back programme
The Executive Board of WEB.DE AG, Karlsruhe,has decided to continue the stock buy back today as approved of bythe Annual General Meeting earlier today. Pursuant to theauthorisation, WEB.DE can buy back up to 3.8 million shares, or justunder 10 percent of the share capital until December 15, 2005.
In this context, the purchase price paid per share must not exceed 10percent, or fall short 20 percent, of the arithmetic mean of theXETRA closing prices for the preceding four exchange trading days.The respective resolution was passed at WEB.DE AG's Annual GeneralMeeting with the required majority today.
Observing the principle of equal treatment and the subscriptionright, the shares of the buy back can be offered for purchase to allshareholders, or can be used for acquisitions or investments in othercompanies. The Executive Board is authorised to reverse split theshares that were bought back.
The Executive Board sees this measure, with the current stock buyback programme, as a contribution towards increasing the shareholdervalue for all WEB.DE shareholders.
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