EANS-Adhoc
ANDRITZ: Publication of the resolution by the Executive and Supervisory Boards to make use of a buy-back authorization
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Buybacks
13.02.2020
Graz - February 13, 2020
1. Date of the authorization resolution by the Annual General Meeting: March 23,
2018
2. Date and form of publication of the authorization resolution: March 26, 2018
via euro adhoc and on the company's website andritz.com.
3. Start and expected duration of the buy-back program: March 4, 2020 (= end of
blackout period for full year results 2019) to October 5, 2020; type of shares
to which the buy-back program refers: ANDRITZ AG no-par value shares issued to
bearers.
4. Intended volume (number of shares) of the buy-back program: Up to 1,000,000
company shares (ISIN AT0000730007) issued to bearers, which is equal to 0.96
percent of the company´s voting share capital.
5. Lowest amount: proportional amount of the capital stock per share. Highest
amount: The highest amount per share must not exceed 10 percent of the average,
unweighted closing price on the preceding 10 trading days.
6. Form and purpose of buying back treasury shares, in particular whether the
buy-back is to be conducted through and/or outside the stock exchange, whether a
takeover bid will be made during the buy-back, whether the shares are to be
retired or sold again if need be, or whether they are to be used for the
purposes of an employee participation program: The buy-back of ANDRITZ shares
under the buy-back program will be conducted through the Vienna Stock Exchange.
No takeover bid will be submitted on the occasion of the buy-back. The purpose
of the buy-back is to use treasury shares for purposes pursuant to the
authorization resolution by the Annual General Meeting on March 23, 2018, in
particular the improvement of supply and demand for the ANDRITZ share on the
Vienna Stock Exchange, however excluding trading of treasury shares for the
purpose of profit-making. No shares will be retired on the occasion of the buy-
back program. The company reserves the right to also use the purchased treasury
shares for the purposes of a stock option program for employees, senior
executives, and members of the Executive or Supervisory Boards of the company or
one of its associated companies if necessary; in this case, the issuer will
disclose the number and distribution of the stock options to be granted without
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