EQS-Adhoc: Andritz AG resolves on a new share buyback program
Source: EQS
EQS-Ad-hoc: Buyback of up to 2,080,000 shares corresponding to up to approx. 2.00% of Based on the authorization granted by the 116th Annual General Meeting on Preferably 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
Date of the authorization resolution by the Annual General Meeting: Date and form of publication of the authorization resolution: Commencement and expected term: Type of shares: bearer shares (ISIN AT0000730007). Intended volume: up to 2,080,000 shares, corresponding to up to approx. 2.00% of ANDRITZ AG’s current share capital. Maximum amount to be spent by Maximum price limit per share (maximum consideration) and minimum price limit per share (lowest consideration): In accordance with the authorization granted by the Annual General Meeting and the resolution of the Managing Board the maximum amount to be paid to buy back a no-par value share must not be more than 10% higher than the average unweighted closing price on the Type of buyback: Buyback via the Reason for the buyback: Use of own shares for all purposes in accordance with the authorization granted by the Annual General Meeting on 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: Currently, 119 senior executives within
Notice: This publication serves for the purpose of publication pursuant to sect. 4 and sect. 5 of the Publication Ordinance 2018. This publication neither constitutes a public offering for the purchase of ANDRITZ shares, nor does it create an obligation for
End of Inside Information
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Language: | English |
Company: | |
Stattegger Straße 18 | |
8045 |
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Phone: | +43 (0)316 6902-0 |
Fax: | +43 (0)316 6902-415 |
E-mail: | welcome@andritz.com |
Internet: | www.andritz.com |
ISIN: | AT0000730007 |
Indices: | ATX |
Listed: | |
EQS News ID: | 1956515 |
End of Announcement |
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1956515 30-Jul-