euro adhoc: BWT Aktiengesellschaft
Buybacks
Management board agrees to
resume share buyback
Disclosure pursuant to §§4 (2), 5 and 6 of the Disclosure Regulation 2002
-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
Company Information
25.08.2008
At the Annual General Meeting on May 20th, 2008, management was authorized to buy back shares. Now, the Management Board of BWT has taken the resolution to make use of this authorization.
Details on the share buyback program: 1. The day of authorization of the resolution by the Annual General Meeting according to Para 65 Sec. Z 8 AktG (Stock Corporation Act) is May 20, 2008. 2. The resolution by the Annual General Meeting was disclosed on May 20, 2008 and registered with the register of companies on July 7th, 2008. 3. The Buyback Program is expected to end on December 31, 2008. 4. The Buyback Program concerns ordinary shares of BWT AG. 5. The intention is to buy back up to 1,743,946 shares, i.e. up to 9.779% of the current share capital of BWT AG. 6. The minimum price to be paid in the buyback is EUR 15 (fifteen euros) and the maximum price to be paid in the buyback is EUR 30 (thirty euros) per share. 7. The buyback takes place via the stock exchange or over the counter. The main purpose is the return of capital to the shareholders while simultaneously improving the capital structure. The authorization by the Annual General Meeting extends to the use of repurchased shares (i) to serve as consideration for acquisitions, (ii) to sell own shares over the stock exchange or via a public offer, or excluding a public offer, a public offer anytime. 8. Other effects of the share buyback program on the Admission for Trading on the Stock Exchange: none.
The disclosure of this resolution by the Management Board and details of the transaction will be published on the Internet website of BWT AG at www.bwt-group.com.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
BWT Aktiengesellschaft
Mag. Ralf Burchert
ralf.burchert@bwt.at
Tel.: 06232/5011-1113
Branche: Water Supply
ISIN: AT0000737705
WKN: 884042
Index: ATX Prime
Börsen: Wiener Börse AG / official market
Original-Content von: BWT AG, übermittelt durch news aktuell