EANS-News: Palfinger AG Publication pursuant to secs. 4 and 5 of the Austrian
Publication Regulation of 2002
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Stock Activity/Sale of own shares
Publication pursuant to secs. 4 and 5 of the Austrian Publication Regulation of
2002
Resolution of the Management Board of PALFINGER AG on the sale of treasury stock
Today, the Management Board of PALFINGER AG decided to sell the treasury stock
held by PALFINGER AG.
PALFINGER AG's current holdings of treasury stock amount to 282,756 shares. The
stock option programmes decided upon at the Annual General Meetings in 2009 and
2010 have expired; in the past it was not possible to use treasury stock for
acquisitions. Therefore, the Management Board has decided to sell the Company's
treasury stock on the stock exchange via an independent banking partner.
Details of the sale
______________________________________________________________________________
|Authorization_resolution_by_the_AGM:|Not_applicable___________________________|
|Publication of the authorization | |
|resolution_by_the_AGM:______________|Not_applicable___________________________|
|Start_and_probable_duration:________|10_February_2016_to_31_December_2016_____|
|Class_of_shares:____________________|No-par-value_bearer_shares_______________|
|Volume: |Up to 282,756 shares; |
| |this represents around 0.8 per cent of |
|____________________________________|the_share_capital________________________|
|Consideration: |At least EUR 27.00, not more than EUR |
|____________________________________|50.00_per_share__________________________|
|Type and purpose of the sale: |The shares will be sold via the stock |
| |exchange. |
| |As the treasury stock was not used as |
| |intended, the shares are to be held in |
|____________________________________|free_float_again.________________________|
|Effects: |The sale will have no effect on the |
| |shares' admission to stock exchange |
| |trading. All shares of PALFINGER AG are |
|____________________________________|stock_exchange_listed.___________________|
|Stock options: |At the moment, the Company has not set up|
|____________________________________|any_ongoing_stock_option_programmes._____|
Any changes to the details disclosed herein as well as the transactions carried
out in the course of the sales process will be published exclusively on the
Company's website at www.palfinger.ag/en/investor-relations.
Further inquiry note:
Hannes Roither, PALFINGER AG
Unternehmenssprecher
Tel.: +43 662 2281-81100
mailto:h.roither@palfinger.com
www.palfinger.ag
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: Palfinger AG
Lamprechtshausener Bundesstraße 8
A-5020 Salzburg
phone: 0662/2281-81101
FAX: 0662/2281-81070
mail: ir@palfinger.com
WWW: www.palfinger.ag
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: Prime Market
stockmarkets: official market: Wien
language: English