EANS-Other capital market information: OMV Aktiengesellschaft
Acquisition
and/or sale of treasury shares according to art. 119 para. 9 Stock Exchange Act
--------------------------------------------------------------------------------
Other capital market information transmitted by euro adhoc with the aim of a
Europe-wide distribution. The issuer is responsible for the content of this
announcement.
--------------------------------------------------------------------------------
OMV Aktiengesellschaft, Vienna
ISIN-Code AT0000743059
Publication of a resolution of the Annual General Meeting pursuant to Section
119 Para 9 Austrian Stock Exchange Act in connection with Section 2 Para 1
Austrian Publication Regulation 2018
The ordinary Annual General Meeting of OMV Aktiengesellschaft (hereinafter
referred to as "the Company") held on May 14, 2019 adopted the following
resolution in relation to item 9 (Authorization of the Executive Board to
repurchase treasury shares and to cancel shares and authorization of the
Supervisory Board to adopt amendments to the Articles of Association resulting
from the cancellation of shares) of the agenda:
"The Executive Board is authorized to repurchase
a) bearer shares of no par value of the Company up to a maximum of 5% of the
Company's nominal capital (which currently corresponds to 16,363,636 shares), in
accordance with section 65(1)(8) Austrian Stock Corporation Act,
b) over a period of 15 months from the date of adoption of the resolution by the
General Meeting,
c) for a minimum consideration per share being at the utmost 30% lower than the
average, unweighted stock exchange closing price over the preceding ten trading
days and a maximum consideration per share being at the utmost 20% higher than
the average, unweighted stock exchange closing price over the preceding ten
trading days,
whereby any repurchases have to be exercised in such way that the Company does
not hold more than 1,300,000 treasury shares at any time. Such repurchases may
take place via the stock exchange or a public offering or by other legal means
and for the purpose of share transfer programs, in particular Long Term
Incentive Plans including Matching Share Plans, Equity Deferrals or other stock
ownership plans.
The Executive Board is further authorized to cancel stock repurchased or already
held by the Company without further resolution of the General Meeting. The
Supervisory Board is authorized to adopt amendments to the Articles of
Association resulting from the cancellation of shares.
The authorization can be exercised as a whole or in parts and also in several
tranches by the Company, by a subsidiary (Section 189a Number 7 Austrian
Commercial Code) or by third parties for the account of the Company and shall be
exercised always in such manner that it is to the benefit and in the best
interest of the Company."
Vienna, May 2019
The Executive Board
Further inquiry note:
OMV Aktiengesellschaft
Andreas Rinofner, Public Relations
Tel.: +43 (1) 40 440-21427; e-mail: public.relations@omv.com
Florian Greger, Investor Relations
Tel.: +43 (1) 40 440-22421; e-mail: investor.relations@omv.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: OMV Aktiengesellschaft
Trabrennstraße 6-8
A-1020 Wien
phone: +43 1 40440/21600
FAX: +43 1 40440/621600
mail: investor.relations@omv.com
WWW: http://www.omv.com
ISIN: AT0000743059
indexes: ATX
stockmarkets: Wien
language: English
Original content of: OMV Aktiengesellschaft, transmitted by news aktuell