The amount of the buyback program will be approximately 358,000 shares. With 93,749,720 shares currently outstanding, that amounts to 0.38 percent of company share capital. W&W will define and announce further details regarding the share buyback program at a later date.
Prime Standard listing
W&W AG has also resolved to apply immediately for Prime Standard listing on the Frankfurt Stock Exchange. Re-listing from the General Standard to the Prime Standard is a move to highlight the attractiveness of W&W AG shares (ISIN DE0008051004/WKN 805100), especially for private and institutional investors. The target is also for W&W AG shares to be SDAX-listed sometime in 2016, and W&W AG is therefore increasing its investor relations activities, e.g. capital markets conferences and roadshow activities. Free float is already approximately 20 percent, and the financial service provider's shares are traded on the regulated market of the Stuttgart and Frankfurt stock exchanges. They today meet the General Standard transparency requirements.
Stuttgart, 18. November 2015
Wüstenrot & Württembergische
The Wüstenrot & Württembergische Group is the specialist for the four building blocks of modern pension’s provision and property/casualty insurance: hedging, residential property, risk protection and capital formation. Formed in 1999 by the merger of two traditional companies, Wüstenrot und Württembergische, the Stuttgart-based stock exchange-listed Group combines the business expertise of a building savings bank and insurance provider in equal measure and is thus able to offer all its customers the solution that is right for them. The quality of service, competence and customer care provided by approximately 7,600 office-based employees and a strong sales force of 6,000 partners are highly valued by around six million customers of the W&W Group. Thanks to an extensive network of businesses operating as partners and in collaboration with us, as well as agents and direct contacts, the W&W Group has access to over 40 million people in Germany. Additionally, the W&W Group is planning for future growth and is already established as the largest independent financial service provider in Baden Württemberg, as well as having the largest number of customers.