EANS-News

RHI AG / Employee stock ownership scheme 4 plus 1 (share buyback)

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Buybacks

Disclosure in accordance with § 65 para. 1 (4) of the Stock
Corporation Act (AktG) in conjunction with §§ 4 and 5 of the
Disclosure Regulation 2002

With a resolution of the 37th Annual General Meeting of RHI AG on May
4, 2016, the The Management Board was authorized in accordance with §
65 para. 1 (4) as well as para. 1a and para. 1b AktG to acquire,
during a period of validity of 30 months starting on May 4, 2016, up
to 12,000 no-par bearer shares of the Company by purchasing such
shares both on an exchange and by off-market transactions, in each
case at the stock exchange price of the day this authorization is
exercised. The acquisition cannot be effected for the purpose of
trading in treasury shares. The authorization may be exercised in
full or in part or even in several tranches by the Company, by a
subsidiary (§ 228 para. 3 UGB) or for the account of the Company by
third parties.

On December 1, 2016, the Management Board adopted the decision to buy
back treasury shares up to a maximum amount of 12,000 (twelve
thousand) shares via the stock exchange, corresponding to the monthly
extent of the purchases by employees and executives of the company as
well as members of the management, executives and employees of
subsidiaries of the company, and to make them available ("to sell")
to the above-mentioned group of persons within the "employee stock
ownership scheme 4+1" as "bonus shares". The company gives the
above-mentioned group of persons one "bonus share" for every 4 (four)
shares of the company they have purchased as part of the "employee
stock ownership scheme 4 + 1".

By means of this disclosure, the resolution of the Management Board
is published and the intended free of charge transfer ("sale") of
treasury shares to the employees and executives of the company and
the members of the management, executives and employees of
subsidiaries is announced.

The resolution adopted on May 4, 2016 regarding the authorization by
the Annual General Meeting was published in the Official Gazette
(Amtsblatt zur Wiener Zeitung) on May 6, 2016.

The share buyback program begins on December 1, 2016 and will end at
the latest with the expiry of the day on November 4, 2018.

The share buyback program refers to non-par bearer shares of the
company.

The intended volume of the buyback of shares amounts to a maximum of
12,000 (twelve thousand) shares, which corresponds to a maximum of
0.03% (zero point zero three percent) of the share capital of the
company.

The consideration to be paid per share shall be no higher and no
lower than the share price on the stock exchange on the day of
exercising the authorization.

The type of buyback is an acquisition of shares via the stock
exchange for the purpose of issuing the shares to employees and
executives of the company as well as members of the management,
executives and employees of subsidiaries within the "employee stock
option scheme 4+1".

The share buyback program will have no effect on the listing of the
shares of the company.

The company intends, in accordance with § 5 para. 4 of the Disclosure
Regulation 2002 (VeröffentlichungsV 2002), to fulfill the disclosure
obligations in accordance with §§ 6 and 7 of the Disclosure
Regulation 2002 by publishing the information on the website of the
company in the Internet (www.rhi-ag.com).

Vienna, December 2016

The Management Board

Further inquiry note:
RHI AG
Investor Relations
Mag. Simon Kuchelbacher
Tel: [phone]
Email: [e-mail]

end of announcement euro adhoc
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company: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: http://www.rhi-ag.com
sector: Refractories
ISIN: AT0000676903
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English