euro adhoc: OMV Aktiengesellschaft
Buybacks
Notification of the intended
purchase of own shares of the Company pursuant to section 65 para 1 no. 4 and 8
and para 1a of the Austrian Stock Corporation Act (Aktiengesetz)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
06.06.2006
The OMV Executive Board decided to purchase own shares on June 6, 2006. The legal authorization was obtained at the Annual General Meeting on May 24, 2006 (published on the OMV website www.omv.com > About OMV > Investor Relations > Investor News > Annual General Meeting 2006 on May 24, 2006 and on page 36, in Wiener Zeitung on May 27, 2006).
Share buyback 2006 Period: June 12, 2006 until November 23, 2007 Type: non-par value share (ISIN: AT0000743059) Intended volume: up to 5,000,000 shares, i.e. up to 1.67% of the total number of shares Repurchase price: current stock price with a minimum of EUR 25 and a maximum price per share which must not exceed the average un-weighted closing price over the ten preceding trading days by more than 30% Type of sale: via Vienna Stock Exchange Purpose: the acquired company shares will be used to serve convertible bonds or will be offered to members of the Executive Board of OMV Aktiengesellschaft and defined senior executive managers of OMV Aktiengesellschaft and associated companies in the form of stock options. According to the stock option plan 2006 (approved at the Annual General Meeting on May 24, 2006) members of the Executive Board and defined senior executives of OMV Aktiengesellschaft and associated companies have been offered 20 stock options for each share of own investment. The maximum number of stock options for each member of the Executive Board is 24,840 and 8,280 for each senior executive. The total number of options granted in 2005 was 723,200. Changes and transactions will be published on the OMV homepage www.omv.com > About OMV > Investor Relations > Stock Information > Stock Buybacks/Sale.
end of announcement euro adhoc 06.06.2006 17:30:00
Further inquiry note:
OMV
Investor Relations:
Ana-Barbara Kuncic
Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 40 440-21660; e-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel. +43 1 40 440-21660; e-mail: thomas.huemer@omv.com
Internet Homepage: http://www.omv.com
Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN: 874341
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing
Original-Content von: OMV Aktiengesellschaft, übermittelt durch news aktuell