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.
05.07.2006
- Purpose: to serve stock option plans - Repurchase of shares over the Vienna Stock Exchange - Time frame: July 10 to October 9, 2006 - Volume: up to 250,000 shares, or 0.34% of issued capital - Price: current market price
Vienna, July 5, 2006 - A resolution passed by the 137th Annual General Meeting on April 27, 2006 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 April 28, 2006, in accordance with § 65 Par. 1a of the Austrian Stock Corporation Act.
Share buyback to start on July 10, 2006 On June 26, 2006 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 250,000 shares of its own common stock, which represents up to 0.34% of current issued capital totaling 74,167,796 shares, during the period from July 10 to October 9, 2006. The repurchase will be executed at the current market price over the Vienna Stock Exchange, with a maximum of EUR 88.70 and a minimum of EUR 1 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 137th Annual General Meeting.
Transactions to be disclosed on website 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 05.07.2006 07:30:00
Further inquiry note:
Sandra Bauer, Public Relations
T +43 (1)60192-463 | communication@wienerberger.com
Branche: Building materials
ISIN: AT0000831706
WKN: 852894
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing
Original-Content von: Wienerberger AG, übermittelt durch news aktuell