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.
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: November 5, 2020 (=
end of blackout period for Q1-Q3 2020 results) to February 1, 2021 (= start
of blackout period for the business year 2020); type of shares to which the
buy-back program refers: ANDRITZ AG no-par value shares issued to bearers.
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 executives 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. Currently 97 company executives with a
total of 909,000 stock options (thereof 150,000 for executive board
members, the remaining for senior executives) still participate in this
stock option program. The number of shares allocated per eligible senior
executive amounts to up to 20,000, depending on the area of responsibility,
and for each Executive Board member 37,500. Each stock option entitles the
holder to the purchase of one share.
125 company executives in the ANDRITZ GROUP were allocated a total of
948,500 stock options for the stock option program approved by the Annual
General Meeting on July 7, 2020 (thereof 187,500 for executive board
members, the remaining for senior executives). The number of shares
allocated per eligible senior executive amounts to up to 20,000, depending
on the area of responsibility, and for each Executive Board member 37,500.
Since allocation of these options, neither the number of senior executives
participating in this stock option program nor the the total amount of
granted options have changed. 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.
9. The changes and the transactions conducted will be made public exclusively
through the ANDRITZ AG web site andritz.com.
end of announcement euro adhoc
issuer: Andritz AG
Stattegger Straße 18
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
indexes: ATX, WBI
Digital press kit: http://www.ots.at/pressemappe/2900/aom
Akt. Indikation: 39.38 / 39.72
Veränderung zu letztem SK: 0.08%
Letzter SK: 39.52 ( 1.39%)
Andritz, Stoffaufbereitungsanlage, Credit: Andritz
, (© Aussender) >> Öffnen auf photaq.com
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