EANS-News: Wolford Aktiengesellschaft: Resolution passed at the AGM regarding treasury shares: approval of sale in ways other than via securities exchanges or via the making of a public offer
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Annual & Special Corporate Meetings/treasury shares
Announcement according to Section 82 Para. 9 Austrian Stock Exchange Act
by Wolford Aktiengesellschaft
Wolfordstrasse 1, 6900 Bregenz
FN 68605 s
Bregenz, September 17, 2015. Wolford Aktiengesellschaft, Wolfordstrasse 1, 6900
Bregenz (hereafter the "Company") announces in accordance with Section 82 Para.
9 Austrian Stock Exchange Act and Section 2 Para. 1, Section 3 Para. 1 Austrian
Publication Ordinance 2002 that the 28th Annual General Meeting of the Company
held on September 17, 2015 resolved upon the following resolutions with respect
to item 5 on the agenda:
- The resolution passed by the Annual General Meeting held on September 6,
1999, according to which (1) the Management Board is authorized to acquire up to
100,000 treasury shares during a period of 18 months starting with the date the
resolution was passed in accordance with Section 65 Para. 1b (5) Austrian Stock
Corporation Act for the purpose of issuing of shares to members of the
Management Board, the Supervisory Board as well as to selected top executives of
the Company and the company affiliated with it, in which case the acquisition of
treasury shares by the Company is only to take place at a value which is neither
lower than EUR 35,-- (thirty-five euros) nor higher than EUR 70,-- (seventy
euros) per share and (ii) the issuance of shares which is to commence two years
after the date the resolution was passed and end five years after this date is
not to be below the acquisition costs of the Company in accordance with the plan
elucidated at the Annual General Meeting and the sale of shares issued by the
Company which were not in accordance with this plan within a period of one year
after the expiration of the designated five-year period of time is modified such
so that point (ii) of this resolution is to be annulled.
- The issuance or resale of up to 100,000 treasury shares acquired on the
basis of the resolution passed by the Annual General Meeting held on September
6, 1999 other than on the stock exchange or by means of a public offering in
accordance with Section 65 Para. 1b Austrian Stock Corporation Act within the
context of a long-term incentive program for members of the Management Board of
the Company determined by the Supervisory Board and elucidated at the Annual
General Meeting excluding subscription rights on the part of shareholders of the
Company is approved.
- The issuance or resale of up to 100,000 treasury shares acquired on the
basis of the resolution passed by the Annual General Meeting held on September
6, 1999 other than on the stock exchange or by means of a public offering with
respect to employee participation and profit-sharing programs proposed by the
Management Board with the approval of the Supervisory Board and to be formally
authorized in the future by the Supervisory Board, including share option
programs and the simple issuance of shares for members of the Management Board
and top executives of the Company excluding subscription rights on the part of
shareholders of the Company is approved.
In line with Section 82 Para. 10 Austrian Stock Exchange Act, this announcement
replaces the previous announcement in accordance with Section 65 Para. 1a
Austrian Stock Corporation Act. Reference is made to the Report of the
Supervisory Board and the Management Board on item 5 of the agenda on the
Website of Wolford AG (www.wolford.com) entered in the Commercial Register.
Further inquiry note:
Wolford AG
Maresa Hoffmann
Referentin Investor Relations and Corporate Communications
Tel.: +43 5574 690 1258
investor@wolford.com | company.wolford.com
end of announcement euro adhoc
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company: Wolford Aktiengesellschaft
Wolfordstrasse 1
A-6900 Bregenz
phone: +43 (0) 5574 690-1268
FAX: +43 (0) 5574 690-1219
mail: investor@wolford.com
WWW: company.wolford.com
sector: Textiles & Clothing
ISIN: AT0000834007
indexes: ATX Prime, ATX Global Players
stockmarkets: free trade: Frankfurt, regulated dealing: Wien, ADR: New York
language: English
Original content of: Wolford Aktiengesellschaft, transmitted by news aktuell