AD HOC Announcement According to §15 WpHG
Jul 24 2012

AD HOC Announcement According to §15 WpHG

 

AD HOC Announcement According to §15 WpHG

 

QIAGEN N.V.:

 

QIAGEN to conduct share repurchase program, reviewing current debt structure in light of interest rate environment

 

Venlo, The Netherlands, July 24 - QIAGEN N.V. (NASDAQ: QGEN; Frankfurt Prime Standard: QIA) announced today that its Managing Board, upon authorization of the Supervisory Board, has passed a resolution to exercise the authorization granted by the General Meeting of Shareholders on June 27, 2012, and to purchase shares in the Company up to a total of $100 million (excluding transaction costs). Based on the closing price on July 23, this represents approximately six million shares. The repurchase program is scheduled to begin at the earliest on July 30, 2012, and to be completed at the latest by December 27, 2013. Details of the repurchase program will be announced before its actual commencement in line with Article 4, Section (2) of EC regulation 2273/2003 (so called Safe Harbour). Repurchased shares will be held in treasury in order to satisfy various obligations, which include exchangeable debt instruments and employee share-based remuneration plans.

QIAGEN also announced that was reviewing its current debt structure and may take advantage of the currently low mid-to-long-term interest rates.

 

Contacts QIAGEN N.V.:

 

Corporate Communications

John Gilardi, Tel: +49 2103 29 11711; ir@qiagen.com

Thomas Theuringer, Tel: +49 2013 29 11826 pr@qiagen.com

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