Schweizer Electronic AG / Key word(s): Transaction in Own Shares
21.09.2010 10:38
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
On September 21, 2010 Schweizer Electronic AG signed a share purchase
agreement with Meiko Electronics Co., Ltd., Japan. By this share purchase
agreement Schweizer Electronic AG sells to Meiko Electronics Co., Ltd.,
180,000 own shares of Schweizer Electronic AG which had been purchased in
accordance with the resolution passed by the shareholders' meeting on June
27, 2008. The share purchase agreement provides that these shares are sold
to Meiko Electronics Co., Ltd., at a price of EUR 26.249 per share. At the
same time Schweizer Electronic AG concluded an agreement with Meiko
Electronics Co., Ltd., according to which Schweizer Electronic AG
purchases 313,600 shares of Meiko Electronics Co., Ltd., at a price of JPY
1,688 per share.
The conclusion of these contracts regarding the mutual participation is
executed in order to implement the strategic cooperation between Schweizer
Electronic AG and Meiko Electronics Co., Ltd., Japan which was announced in
April 2009.
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
Schweizer Electronic AG (WKN 515623) is one of the top three European
manufacturers of printed circuit boards with recognised technological and
consulting expertise in the automobile, solar and industrial electronics
sectors. The company was established in 1849 and is today managed by sixth
generation family members.
Schweizer Electronic focuses on complex multi-layer and HDI circuits as
well as solutions for the reduction of system costs and the integration of
active and passive components in printed circuit boards. In addition,
Schweizer Electronic has a wide range of responses to the challenges of
modern power electronics. With its partner network, Schweizer Electronic AG
offers solutions optimised for cost and production for small, medium and
mass series production.
For further information please contact:
Dr. Marc Schweizer
Schweizer Electronic AG
EinsteinstraÃe 10
78713 Schramberg / Germany
Telefon: +49 7422 512 - 213
E-mail: ir@schweizerelectronic.ag
21.09.2010 10:38 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Schweizer Electronic AG
EinsteinstraÃe 10
78713 Schramberg
Deutschland
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir@schweizerelectronic.ag
Internet: www.schweizerelectronic.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart;
Freiverkehr in Berlin
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
DGAP-Adhoc: Schweizer Electronic AG: Disposal of treasury shares/Cooperation
| Source: EQS Group AG