Announcement according to Section 82 para 9 Austrian Stock Exchange Act (BörseG) in connection with Section 65 para 1a Austrian Stock Companies Act (AktG)
Wien (euro adhoc) -
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shares/Resolutions of the Annual General Meeting
The Management Board of S&T System Integration & Technology Distribution AG announces that the following resolutions were made in the Annual General Meeting of the company on May 7, 2008:
a) Authorization of the Management Board to acquire own shares according to Section 65 para 1 subpara 8 Austrian Stock Companies Act (AktG) to the extent permitted by law for a minimum consideration of EUR 1,00 and a maximum consideration of EUR 150,00; this authorization being valid for the period from November 1, 2008 until October 31, 2010.
b) Authorization of the Management Board to dispose of own shares in another way as via the stock exchange without further resolution of the general assembly, under exclusion of an opportunity of the shareholders to purchase respectively of shareholder's subscription rights. The authorization to dispose of the own shares is valid for a period of 5 years as of the date of the shareholder´s resolution. The sale of own shares has to be executed at a price that is higher or not materially lower than the quoted price of the Company's shares at the time of the sale. The authorization can be exercised in full or in part.
Vienna, May 16, 2008
The Management Board
end of announcement euro adhoc
Further inquiry note:
Dkfm. Armin Baltzer
Investor Relations
mailto:armin.baltzer@snt-world.com
S&T System Integration &
Technology Distribution AG
Geiselbergstraße 17-19
1110 Vienna, Austria
Phone: +43 1 367 80 88
mailto:snt@snt-world.com
www.snt-world.com
Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market