Based on the above-mentioned Annual General Meeting resolution, the Board of Directors adopted, on 9 May 2012, a resolution to commence the share buyback program, after entering into a contract with a brokerage firm chosen for this purpose. The selected brokerage firm will be entitled, upon implementation of the share buyback program, to purchase up to 6,441,798 of the ordinary shares of the company, i.e. up to 2 % of the total outstanding ordinary shares of the company. The brokerage firm shall proceed independently of the company and carry out the purchase with professional care and in the best interests of the company. The Board of Directors also approved the intention to submit to the General Meeting of the company a proposal to cancel the acquired shares, together with a proposal to reduce the registered capital by the amount of the nominal value of the acquired shares.
The share buyback program will be realized on the European regulated market on which the company's shares are quoted (Prague). The share buyback program will be carried out in accordance with the relevant legislation of the Czech Republic, in particular with Act No. 513/1991 Coll., the Commecial Code and the Act No. 256/2004 Coll., on Capital Markets, and EU legislation, in particular EC Commission Regulation (EC) No. 2273/2003 (including price and quantity restrictions).
Following the resolution of the General Meeting of the company Telefónica Czech Republic, a.s. held on 19 April 2012 and following the decision of the Board of Directors on 9 May 2012, the company has engaged the company UniCredit Bank AG, London Branch to implement the program for the acquisition of the company’s own shares.
UniCredit Bank AG, London Branch is, pursuant to the share buyback program, authorized to acquire up to 32,208,989 common shares at a price between CZK 150 and CZK 600 shares for a period of up to five years. Based on the above referenced decision of the Board of Directors, the company has instructed UniCredit Bank AG, London Branch to acquire 6,441,798 ordinary shares, i.e. a total of 2% of the total number of ordinary shares of the company.
Acquisition of the company’s own shares will be realized on the European regulated market on which the shares of the company are quoted (Prague), while UniCredit Bank AG, London Branch, is, in order to implement the program, authorized to use the services of an investment firm authorized to trade on this market.
Implementing the purchases, the company UniCredit Bank AG, London Branch, is obliged to proceed independently from the company, with professional care and in the best interests of the company. Furthermore, it is also obliged to ensure that it proceeds in compliance with the relevant legislation of the Czech Republic, especially Act No. 513/1991 Coll. Commercial Code, Act No. 256/2004 Coll. on business operations on the capital market and with the European Union law, in particular with the Commission Regulation (EC) No. 2273/2003 (including the price and volume limitations of the purchases).
In accordance with the abovementioned, the company UniCredit Bank AG, London Branch, shall commence the purchase of the shares of the company on 16 May 2012 in the scope of the above resolution of the General Meeting and the decision of the Board of Directors.
The full wording of this announcement dated 15 May (in pdf format) is available here.
Following to the announcement on share buyback program dated 15 May 2012 Telefónica Czech Republic announces that it will initiate share purchases in the forthcoming days. The full wording of this announcement dated 17 May (in pdf format) is available here.
Following the previous announcement on engagement of UniCredit Bank AG, London Branch, to purchase the shares of Telefónica Czech Republic, a.s. published on 15 May 2012 and with reference to the notice of initiation of the purchase in the forthcoming days published on 17 May 2012, Telefónica Czech Republic, a.s. hereby confirms that the company UniCredit Bank AG, London Branch, shall on 18 May 2012 commence the purchase of the shares of the company Telefónica Czech Republic, a.s. The full wording of this announcement dated 18 May (in pdf format) is available here.
The acquisition of 2% of its own shares (share buy-back) based on above referenced instruction has been completed on 27 November 2012 for a total purchase price of CZK 2 481 mil. The full wording of the announcement on completion of 2% own shares acquisition (share buy-back) dated 28 November 2012 (in pdf format) is available here.
