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The Annual General Meeting on 20 March 2001 decided to lower the Company's share capital by EUR 39 390 190 through the cancellation of 910 600 A shares and 22 260 100 R shares. The shares were repurchased under the authorisation of the AGM 2000.
Under the year 2001 AGM authorisation not more than 9 679 000 A shares and not more than 35 586 000 R shares may be repurchased by the Company. Repurchases were initiated on 28 March 2001. By 2 January 2002, 799 400 A shares and 9 975 000 R shares had been repurchased, representing 8% and 28% of the respective target amounts. The average price paid for the A shares was EUR 12.06 and for the R shares EUR 11.63.
More about Share Capital
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