EANS-Adhoc: BWT Aktiengesellschaft
Management Board agrees to resume share
buyback
Disclosure pursuant to §§4 (2), 5 and 6 of the Disclosure Regulation 2002
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Company Information
17.11.2009
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 again.
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 May 25, 2010. 4. The Buyback Program concerns ordinary shares of BWT AG. 5. The intention is to buy back up to 1,395,931 shares, i.e. up to around 7.8% of the current share capital of BWT AG. 6. The minimum price to be paid in the buyback is EUR 1 (one euro) and the maximum price to be paid in the buyback is EUR 99 (ninety-nine euro) 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 changes and details of transactions 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: Wien / official market
Original-Content von: BWT AG, übermittelt durch news aktuell