EANS-News: ANDRITZ: Publication of a resolution by the Annual General Meeting
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Annual & Special Corporate Meetings
ANDRITZ AG, Stattegger Strasse 18, 8045 Graz (hereinafter referred to as
"the company") hereby announces, pursuant to § 82 (9) BörseG (Austrian Stock
Exchange Act) and to § 2 (1) and § 3 (1) of the Austrian Publication Ordinance
2002, that the 109th Annual General Meeting of the company on March 30, 2016
passed the following resolutions:
1. "Pursuant to § 65 (1) line 8 AktG (Austrian Stock Corporation Act), the
Executive Board is given authorization for a period of 30 months from
April 1, 2016 to buy back treasury shares of the company to the maximum
extent permitted by law and to possibly cancel these company shares with
approval from the Supervisory Board without having to submit the matter
to the Annual General Meeting of Shareholders again. Any trading in treasury
shares for the purpose of profit-making is expressly excluded. The
authorization can be exercised for the full or a partial amount, or also
in several installments, and in pursuit of one or several goals by the
company, its affiliated companies, or by third parties on their behalf.
2. The lowest price per no-par value share must not be less than the
respective amount represented by each share in the capital stock.
The highest price paid per share upon buy-back must not exceed the average,
unweighted closing price on the Vienna Stock Exchange over the 10 trading
days preceding exercise of this authorization by more than 10 percent.
3. This resolution, as well as the buy-back program based thereon and any
resale program, are to be published, also stating their respective
durations.
4. The Executive Board is given authorization for a period of five years as
from the date of adopting the resolution to decide, with approval from
the Supervisory Board, on alienating treasury partially or entirely in a
way other than by sale via the stock exchange or by public offer, thereby
also excluding public purchase (exclusion of subscription rights), if such
alienation of treasury shares (i) serves to provide shares for a stock
option program benefitting senior executives and Executive Board members
or (ii) serves as a consideration in the acquisition of companies,
businesses, business units, or shares in companies. The authorization can
be exercised for the full or a partial amount, or also in several
installments, and in pursuit of one or several goals."
Pursuant to § 82 (10) BörseG, this announcement takes the place of the
publication pursuant to § 65 (1a), sentence 2, AktG.
Graz, March 2016
The Executive Board
Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
end of announcement euro adhoc
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company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English