KWS SAAT AG, Einbeck, ISIN DE0007074007
On December 9, 2009, the Executive Board of KWS SAAT AG adopted a resolution to acquire shares in its own company for issue as employee shares in the period from January 6 to January 25, 2010, at the latest in accordance with Section 71 (1) No. 2 of the German Stock Corporation Law (AktG). The shares will be bought back in accordance with the safe harbor regulations of Section 20a (3) of the German Securities Trading Act (WpHG) in conjunction with Regulation (EG) No. 2273/2003 of the European Commission dated December 22, 2003. The number of shares to be bought back under this resolution of the Executive Board will be defined by the number actually required for issue to employees. No more than a total of 35,000 own shares will be bought back. In addition, the total purchase price for the shares to be acquired under the share buyback program is limited to 4.2 million euros.
The Executive Board of KWS SAAT AG also adopted a resolution on December 9, 2009, to offer members of the management bodies of subsidiaries of KWS SAAT AG in the EU 27 (currently 29 persons) the opportunity to participate in a separate compensation program comprising a variable compensation component with a long-term incentive effect and risk character. From January 6 - 22, 2010, participants will be able to acquire a maximum of 500 KWS shares entitled to a bonus by purchasing them themselves on the stock market. After a four-year holding period, a bonus of 20% of the average price of KWS’ shares in the month of January 2014 will be paid for each KWS share acquired.
KWS SAAT AG
The Executive Board
