DGAP-Ad hoc: HolidayCheck Group AG

DGAP-Adhoc: HolidayCheck Group AG adopts share buy-back resolution

HolidayCheck Group AG / Key word(s): Share Buyback

08.11.2016 08:56

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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HolidayCheck Group AG adopts share buy-back resolution

Munich, Germany, 8 November 2016 - Following approval by the Supervisory Board, the Management Board of HolidayCheck Group AG has today decided to make use of the share buy-back authorisation granted by the annual general meeting on 16 June 2015 in accordance with section 71 paragraph 1 number 8 of the German Stock Corporation Act (Aktiengesetz, AktG). Over the period from 18 November 2016 to 15 June 2020 the company will acquire up to 1,500,000 of its own shares subject to an overall price limit of EUR 7,500,000. The shares will be acquired through the stock exchange. The intention is to offer the repurchased shares to members of the Management Board and employees of the company and its affiliated entities as part of an employee stock option plan.

The share buy-back will be carried out by a bank and will comply with the Market Abuse Regulation and with Articles 2 to 4 of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures. The bank will decide independently when to repurchase the shares and on each occasion how many shares to acquire. The company will have no influence over these decisions.

The price paid per share (excluding ancillary purchase costs) may not be more than 10 percent higher or 10 percent lower than the average closing price over the last three trading days on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse, FWB) preceding the purchase. The buy-back programme may be suspended and subsequently continued at any time as required and legally admissible.

All transactions will be announced in a form that meets the requirements of Article 5 paragraph 3 of Regulation (EU) no. 596/2014 in conjunction with Article 2 paragraphs 2 and 3 of Commission Delegated Regulation (EU) 2016/1052 no later than the end of the seventh trading day after execution. Details of the transactions will also be published on the company's website at https://www.holidaycheckgroup.com/investor-relations/.

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Information and Explanation of the Issuer to this News:

About HolidayCheck Group AG: HolidayCheck Group AG (ISIN DE005495329), Munich, Germany, is one of Europe's leading digital travel firms for holidaymakers. With a total workforce of around 400, HolidayCheck Group AG comprises HolidayCheck AG (which operates hotel review and travel booking portals by the same name, and the car rental portal MietwagenCheck) and WebAssets B.V. (which operates the Zoover hotel review portals and the MeteoVista/WeerOnline weather portals). HolidayCheck Group's vision is to become the world's most holidaymaker-friendly company in the world.

Media and Investor Relations contact at HolidayCheck Group AG HolidayCheck Group AG Armin Blohmann Neumarkter Strasse 61 81673 München Germany

phone: +49 (0)89 9250 1256 fax: +49 (0)89 9250 2403

email: armin.blohmann@holidaycheckgroup.com

www.holidaycheckgroup.com http://twitter.com/HolidayCheckGrp http://facebook.de/HolidayCheckGroup

08.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: HolidayCheck Group AG Neumarkter Str. 61 81673 München Germany Phone: +49 (0)89 9250-1256 Fax: +49 (0)89 9250-2403 E-mail: armin.blohmann@holidaycheckgroup.com Internet: www.holidaycheckgroup.com ISIN: DE0005495329 WKN: 549532 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------