Warimpex Finanz- und Beteiligungs AG
euro adhoc: Warimpex Finanz- und Beteiligungs AG
Buybacks
Resolution of the
management board regarding exercise of the authorisation to acquire the
Company´s own shares and the publication of the buy-back program
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
14.07.2008
Publication pursuant to section 65 para 1 No 8 of the Austrian Stock Corporation Act (AktG) in connection with sections 4 and 5 of the Publication Ordinance, 2002
Resolution of the management board regarding exercise of the authorisation to acquire the Company´s own shares and the publication of the buy-back program:
1. Date of the authorisation resolution of the general meeting of the shareholders: 29 May 2008 2. Date and form of the publication of the resolution: 29 May 2008 via the electronic information processing system Reuters, Bloomberg 3. Start and expected duration of the buy-back program: 21 July 2008 until 31 December 2008. 4. Class of shares to which the buy-back program is related: No-par value bearer shares of Warimpex Finanz- und Beteiligungs Aktiengesellschaft (the "Shares") 5. Intended number of Shares to be acquired: up to 3.600.000 shares being up to 10 % of the nominal capital of Warimpex Finanz- und Beteiligungs Aktiengesellschaft 6. Lowest consideration: EUR 3,00 per share. Highest consideration: The highest consideration per share shall not exceed EUR 8,00. 7. The way and the purpose of the program of the acquisition of Shares, in particular whether the buy-back shall be carried out over the stock exchange and/or in a trade sale, whether the buy-back shall include a take-over bid, whether the Shares shall be redeemed or resold or used for the purposes of an employee participation program: The buy-back shall be carried out over the stock exchange. A takeover bid will not be made to acquire the Shares. The purpose of the buy-back is to improve the offer and demand for Warimpex shares on the Vienna Stock Exchange, whereas the trade in own shares is excluded as acquisition purpose. The Company reserves the right to use the acquired Shares to grant them as consideration for the acquisition of companies, businesses or shares in one or several companies in Austria or abroad as well as to grant them as consideration for the transfer of real estate or real estate participations to the Company or its subsidiaries or to grant them as bonus to employees, provided that the respective necessary shareholders´ resolutions of the Company exists. On the occasion of the buy-back program no redemption of Shares shall take place. 8. Possible effects of the buy-back program on the listings of the Shares of the issuer: none 9. Extent of the currently granted or planned stock options within the scope of the stock options plans for executive employees or members of the management or supervisory board of the issuer: Currently there are no plans to grant stock options.
Amendments (section 6 of the Publication Ordinance 2002) and carried out transactions (section 7 of the Publication Ordinance 2002) shall be published exclusively on the website of Warimpex Finanz- und Aktiengesellschaft: www.warimpex.com
end of announcement euro adhoc
Further inquiry note:
Warimpex Finanz- und Beteiligungs AG
Phone: +43 1 310 55 00
Christoph Salzer
mailto:presse@warimpex.com
Daniel Folian, mailto:investor.relations@warimpex.com
www.warimpex.com
Branche: Real Estate
ISIN: AT0000827209
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / official market