SW Umwelttechnik Stoiser & Wolschner AG
euro adhoc: SW Umwelttechnik Stoiser & Wolschner AG
Buybacks
SW
Umwelttechnik: share buyback
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
13.03.2008
Klagenfurt, March 12, 2008 - The resolution passed by the 10th Annual General Meeting on May 18, 2007 authorized the Managing Board to repurchase up to 10% of the issued capital of SW Umwelttechnik Stoiser & Wolschner AG during a period of 18 months beginning on the date this resolution was passed, in accordance with § 65 Par. 1 Nr. 8 und Par. 1a of Austrian Stock Corporation Act, for stabilisation purposes.
On March 12, 2008 the Managing Board has decided to use this authorization. It is planned to buy back up to 6.599 shares which represents 1% of the current issued capital of E 4.798.192,73 for the period between March 14 and the end of August 2008. The repurchase will be executed at the current market price over the Vienna Stock Exchange, with a maximum of E 100.-and a minimum of E 1.-per share.
Any changes to the share buyback and transactions will be published on the SW Umwelttechnik website www.sw-umwelttechnik.com under Investor Relations/Corporate Governance/Director's Dealings.
Founded in 1910, SW Umweltechnik remains a family business, though it has been listed on the Vienna Stock Exchange since 1997. The group is widely identified with sustainable enterprise and rapid expansion in Central and Southeastern Europe. Its innovative environmental technology products are contributing to infrastructure renewal in CSE countries. SW Umwelttechnik employed 800 people at 16 sites and returned revenue of over E100m in 2006.
end of announcement euro adhoc
Further inquiry note:
Dr. Bernd Wolschner
Member of the Management Board
Tel: +43 (0)7259 31350
Fax: +43 (0)463 37667
Romed Lackner
Investor Relations & Marketing
Tel: +43 (0)664 8117670
Fax: +43 (0)463 37667170
E-mail: romed.lackner@sw-umwelttechnik.com
Web: www.sw-umwelttechnik.com
Branche: Technology
ISIN: AT0000808209
WKN: 910497
Index: WBI
Börsen: Börse Berlin / free trade
Börse Frankfurt / free trade
Wiener Börse AG / Regulated free trade