euro adhoc: Wienerberger AG
Buybacks
Wienerberger announces share
buyback
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
21.03.2005
- Purpose: to serve stock option plans - Repurchase of shares over the Vienna Stock Exchange - Time frame: March 24 to June 23, 2005 - Volume: up to 600,000 shares, or 0.81% of issued capital - Price: current market price
Vienna, March 21, 2005 - A resolution passed by the 135th Annual General Meeting on May 11, 2004 authorized the Managing Board to repurchase up to 10% of the issued capital of Wienerberger AG during a period of 18 months beginning on the date the resolution was passed, in accordance with § 65 Par. 1 Nr. 8 and Par. 1a of the Austrian Stock Corporation Act. This authorization was published on the Wienerberger website on May 12, 2004, in accordance with § 65 Par. 1a of the Austrian Stock Corporation Act.
On March 21, 2005 the Managing Board of Wienerberger AG decided to make use of this authorization, and to subsequently repurchase shares for use in the stock option plans. Wienerberger plans to buy back up to 600,000 shares of its own common stock, which represents up to 0.81% of current issued capital totaling 74,167,796 shares, during the period from March 24 to June 23, 2005 at the current market price over the Vienna Stock Exchange. The maximum price may be up to 20% higher than the average price during the last ten trading days, but may not exceed the limit authorized by the 135th Annual General Meeting. The minimum price equals EUR 10 per share. This treasury stock will be used primarily to serve a stock option model for key managers, in accordance with a resolution passed by the 135th Annual General Meeting.
Any changes to and transactions conducted as part of this share buyback program will be disclosed on the Wienerberger AG website under www.wienerberger.com in accordance with § 2 Par. 4 of the Austrian disclosure regulations.
end of announcement euro adhoc 21.03.2005 07:25:00
Further inquiry note:
For additional information contact:
Thomas Melzer, Investor and Public Relations
T +43 (1)60192-463 | communication@wienerberger.com
Branche: Building materials
ISIN: AT0000831706
WKN: 083170
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing
Original-Content von: Wienerberger AG, übermittelt durch news aktuell