Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
Graz - July 1, 2019
1. Date of the authorization resolution by the Annual General Meeting: March
2. Date and form of publication of the authorization resolution: March 26,
2018 via euro adhoc and on the company's website andritz.com.
3. Start and expected duration of the buy-back program: August 2, 2019 (= end
of blackout period for Q2/2019) to February 3, 2020; type of shares to
which the buy-back program refers: ANDRITZ AG no-par value shares issued to
4. Intended volume (number of shares) of the buy-back program: Up to 1,000,000
company shares (ISIN AT0000730007) issued to bearers, which is equal to
0.96 percent of the company´s voting share capital.
5. Lowest amount: proportional amount of the capital stock per share. Highest
amount: The highest amount per share must not exceed 10 percent of the
average, unweighted closing price on the preceding 10 trading days.
6. Form and purpose of buying back treasury shares, in particular whether the
buy-back is to be conducted through and/or outside the stock exchange,
whether a takeover bid will be made during the buy-back, whether the shares
are to be retired or sold again if need be, or whether they are to be used
for the purposes of an employee participation program: The buy-back of
ANDRITZ shares under the buy-back program will be conducted through the
Vienna Stock Exchange. No takeover bid will be submitted on the occasion of
the buy-back. The purpose of the buy-back is to use treasury shares for
purposes pursuant to the authorization resolution by the Annual General
Meeting on March 23, 2018, in particular the improvement of supply and
demand for the ANDRITZ share on the Vienna Stock Exchange, however
excluding trading of treasury shares for the purpose of profit-making. No
shares will be retired on the occasion of the buy-back program. The company
reserves the right to also use the purchased treasury shares for the
purposes of a stock option program for employees, senior executives, and
members of the Executive or Supervisory Boards of the company or one of its
associated companies if necessary; in this case, the issuer will disclose
the number and distribution of the stock options to be granted without
delay, pursuant to § 6(1), Austrian Publication Ordinance. In addition, the
company reserves the right to use purchased treasury shares as
consideration in the acquisition of companies, businesses, business units,
or shares in companies. The company reserves the right to sell purchased
treasury shares again through the Vienna Stock Exchange.
7. Possible effects of the buy-back program on the listing of the issuing
8. Number of options to be granted or already granted and distribution over
employees, senior executives and individual members of the company's boards
or of the boards of its associated companies stating the respective number
of shares available for subscription in each case if the issuing company
intends granting or has already granted stock options within the time
period pursuant to § 65(1), line 8, of the Austrian Corporation Act:
102 company managers in the ANDRITZ GROUP were allocated a total of 975,000
stock options for the stock option program approved by the Annual General
Meeting on March 23, 2018.
9. The current option program 2016 encompasses a total of 824,500 stock
options allocated to 73 executives. The members of the Executive Board hold
a total of 150,000 of these stock options, and the remainder is held by
senior executives. The number of stock options granted per senior executive
eligible is up to 20,000 depending on the area of responsibility. Each
stock option entitles the holder to the purchase of one share.
In the event of purchased treasury shares being issued, the issuing company
will disclose the extent of the stock options without delay pursuant to § 6
(1) of the Austrian Publication Ordinance.
10. The changes and the transactions conducted will be made public exclusively
through the ANDRITZ AG web site andritz.com.
- End -
ANDRITZ is an international technology group providing plants, systems,
equipment, and services for various industries. The company is one of the
technology and global market leaders in the hydropower business, the pulp and
paper industry, the metal working and steel industries, and in solid/liquid
separation in the municipal and industrial segments. Other important fields of
business are animal feed and biomass pelleting, as well as automation, where
ANDRITZ offers a wide range of innovative products and services in the IIoT
(Industrial Internet of Things) sector under the brand name of Metris. In
addition, the company is active in power generation (steam boiler plants,
biomass power plants, recovery boilers, and gasification plants) and
environmental technology (flue gas and exhaust gas cleaning plants) and offers
equipment for the production of nonwovens, dissolving pulp, and panelboard, as
well as recycling plants.
ANDRITZ stands for passion, partnership, perspectives and versatility - core
values to which the company is committed. The listed Group is headquartered in
Graz, Austria. With almost 170 years of experience, over 29,000 employees, and
more than 280 locations in over 40 countries worldwide, ANDRITZ is a reliable
and competent partner and helps its customers to achieve their corporate and
end of announcement euro adhoc
issuer: Andritz AG
Stattegger Straße 18
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
indexes: WBI, ATX
Digital press kit: http://www.ots.at/pressemappe/2900/aom
Akt. Indikation: 26.68 / 27.16
Veränderung zu letztem SK: -0.30%
Letzter SK: 27.00 ( 0.60%)
Andritz, Hochkonsistenz-Bleiche, Credit: Andritz
, (© Aussender) >> Öffnen auf photaq.com
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