EANS-Other capital market information: Andritz AG
Acquisition and/or sale of
treasury shares according to art. 119 para. 9 Stock Exchange Act
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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.
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ANDRITZ: Publication of a resolution by the Annual General Meeting
GRAZ, MARCH 26, 2018. ANDRITZ AG, Stattegger Strasse 18, 8045 Graz (hereinafter
referred to as "the company") hereby announces, pursuant to § 119 (9) BörseG
(Austrian Stock Exchange Act) and to § 2 (1) and § 3 (1)
Veröffentlichungsverordnung 2002 (Austrian Publication Ordinance 2002), that the
111th Annual General Meeting of the company on March 23, 2018 passed the
following resolutions:
1. Pursuant to § 65 (1) line 8 AktG (Austrian Stock Corporation Act), the
Executive Board is given authorization for a period of 30 months from
October 1, 2018 to buy back treasury shares of the company to the maximum
extent permitted by law and to possibly cancel these treasury shares with
approval from the Supervisory Board without having to submit the matter to
the Annual General Meeting of Shareholders again. Any trading in the
company's treasury shares for the purpose of profit-making is expressly
excluded. The authorization can be exercised for the full or a partial
amount, or also in several installments, and in pursuit of one or several
goals by the company, its affiliated companies, or by third parties on
their behalf.
2. The lowest price per no-par value share must not be less than the
respective amount represented by each share in the capital stock. The
highest price paid per share upon buy-back must not exceed the average
unweighted closing price over the 10 trading days on the
Vienna Stock Exchange preceding exercise of this authorization by more than
10 percent.
3. This resolution, as well as the buy-back program based thereon and any
resale program, are to be published, also stating their respective
durations.
4. The Executive Board is given authorization for a period of five years as
from the date of adopting the resolution and with approval from the
Supervisory Board to dispose or make use of the purchased treasury shares
for any legally permissible purpose also in a way other than by sale via
the stock exchange or by public offer and also to exclude the preemptive
rights of shareholders to purchase a certain quota thereof (exclusion of
subscription rights). The authorization can be exercised for the full or a
partial amount, or also in several installments, and in pursuit of one or
several goals.
Pursuant to § 119 (10) BörseG, this announcement takes the place of the
publication pursuant to § 65 (1a), sentence 2, AktG.
The Executive Board of ANDRITZ AG
Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
end of announcement euro adhoc
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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: WBI, ATX
stockmarkets: Wien
language: English
Original content of: Andritz AG, transmitted by news aktuell