Duke Realty 8-K 2005
Washington, DC 20549
Date of Report (Date of earliest event reported): June 17, 2005
DUKE REALTY CORPORATION
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (317) 808-6000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
Duke Realty Corporation Share Repurchase Plan.
In January 2000, the Company adopted a share repurchase plan authorizing the Company to repurchase up to $100 million of shares of the Companys common stock. In October 2001, the Company increased the maximum expenditure authority under the share repurchase plan from $100 million to $250 million. To date, the Company has repurchased 20,000 shares of its common stock at an average price of $21.80 per share, for a total expenditure of approximately $436,000.
Under the share repurchase plan, the Company may effect share repurchases from time to time in the open market or in privately negotiated transactions at managements discretion. The timing and amount of share repurchases, if any, will depend on business and market conditions, as well as legal and regulatory considerations. The Company can give no assurances as to when or whether it will repurchase any shares.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.