EANS-Adhoc
Publication of the resolution by the Executive Board to make use of a buy-back authorization - Seite 2
issuer will disclose the number and distribution of the stock options to be
granted without delay, pursuant to § 6(1), Austrian Publication Ordinance.
In addition, the company reserves the right to use purchased treasury shares
as consideration in the acquisition of companies, businesses, business units,
or shares in companies. The company reserves the right to sell purchased
treasury shares again through the Vienna Stock Exchange.
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* Possible effects of the buy-back program on the listing of the issuing
company: None
* Number of options to be granted or already granted and distribution over
employees, senior executives and individual members of the company's boards or
of the boards of its associated companies stating the respective number of
shares available for subscription in each case if the issuing company intends
granting or has already granted stock options within the time period pursuant
to § 65(1), line 8, of the Austrian Corporation Act:
102 company executives in the ANDRITZ GROUP were allocated a total of 975,000
stock options for the stock option program approved by the Annual General
Meeting on March 23, 2018. Currently 97 company executives with a total of
909,000 stock options (thereof 150,000 for executive board members, the
remaining for senior executives) still participate in this stock option
program. The number of shares allocated per eligible senior executive amounts
to up to 20,000, depending on the area of responsibility, and for each
Executive Board member 37,500. Each stock option entitles the holder to the
purchase of one share.
122 company executives in the ANDRITZ GROUP were allocated a total of 935,000
stock options for the stock option program approved by the Annual General
Meeting on July 7, 2020 (thereof 187,500 for executive board members, the
remaining for senior and young executives). The number of shares allocated per
eligible senior executive amounts to up to 20,000, depending on the area of
responsibility, and for each Executive Board member 37,500. Since allocation
of these options, neither the number of senior executives participating in
this stock option program nor the the total amount of granted options have
changed. Each stock option entitles the holder to the purchase of one share.
In the event of purchased treasury shares being issued, the issuing company will
disclose the extent of the stock options without delay pursuant to § 6(1) of the
Austrian Publication Ordinance.
* The publication of (i) changes to this bay-back program and (ii) the
transactions conducted will be made public exclusively through the ANDRITZ AG
web site andritz.com [http://www.andritz.com].
Further inquiry note:
Dr. Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
ISIN: AT0000730007
indexes: ATX, WBI
stockmarkets: Wien
language: English
Additional content: http://presseportal.de/pm/54966/5089429
OTS: Andritz AG
ISIN: AT0000730007
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