EQS-News
Wienerberger AG: Wienerberger resolves on new buyback program for own shares
EQS-News: Wienerberger AG / Key word(s): Share Buyback Wienerberger resolves on new buyback program for own shares |
Buyback of up to 1,000,000 shares corresponding to up to approx. 0.9% of Wienerberger's share capital planned
Vienna, 28 March 2023 – Based on the authorization granted by the 153rd Annual General Meeting on 3 May 2022 pursuant to sect. 65 para. 1 item (8) of the Stock Corporation Act, which was published via an electronic information dissemination system on 3 May 2022 and in the Federal Gazette of Wiener Zeitung on 5 May 2022, the Managing Board of Wienerberger AG today decided to buy back own ordinary bearer shares of the Company at their market price via the Vienna Stock Exchange between 31 March 2023 (inclusive) and presumably 3 May 2023 (inclusive). A total of up to 1,000,000 shares, corresponding to up to approx. 0.9% of the share capital, can be bought back at a price of between EUR 1.00 and EUR 32.50 per share.
A credit institution will be mandated to execute the share buyback. The credit institution has to take its decision on the timing of the buyback of Wienerberger AG shares independently of Wienerberger AG and to comply with the conditions for trading laid down in Article 3 of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016.
Terms and Conditions of the buyback program
Date of the authorization granted by the Annual General Meeting pursuant to sect. 65 para. 1 item (8) of the Stock Corporation Act: 3 May 2022 (Resolution published via an electronic information dissemination system on 3 May 2022 and in the Federal Gazette of Wiener Zeitung on 5 May 2022)
Commencement and expected term: 31 March 2023 (inclusive) until presumably 3 May 2023 (inclusive)
Type of shares: bearer shares (ISIN AT0000831706)
Intended volume: up to 1,000,000 shares, corresponding to up to approx. 0.9% of Wienerberger AG's current share capital
Maximum amount to be spent by Wienerberger AG for the share buyback program: EUR 26,000,000