EANS-Adhoc: BWT Aktiengesellschaft Management Board agrees on share buyback
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Buybacks
13.09.2013
Disclosure pursuant to §§4 (2), 5 and 6 of the Disclosure Regulation 2002
Mondsee, 13.9.2013. At the Annual General Meeting on May 24th, 2012, management
was authorized to buy back shares. Now, the Management Board of BWT has taken
the resolution to make use of this authorization.
Details on the share buyback programme:
1. The day of authorization of the resolution by the Annual General Meeting
according to Para. 65 Sec. Z 8 AktG (Stock Corporation Act) is May 24th, 2012.
2. The resolution by the Annual General Meeting was disclosed on May 24th, 2012
and registered with the register of companies on July 7th, 2012.
3. The Buyback Program is expected to end on May 23rd, 2014.
4. The Buyback Program concerns ordinary shares of BWT AG.
5. The intention is to buy back up to 710,452 shares, i.e. up to around 4.0% of
the current share capital of BWT AG.
6. The minimum price to be paid in the buyback is EUR 9.00 and the maximum price
to be paid in the buyback is EUR 14.00 per share.
7. The buyback takes place via the stock exchange or over-the-counter. The main
purpose is the return of capital to the shareholders while simultaneously
improving the capital structure. The authorization by the Annual General Meeting
extends to the use of repurchased shares (i) to serve as consideration for
acquisitions, (ii) to sell own shares at any time over the stock exchange or via
a public offer, or excluding a public offer and over-the-counter.
8. Other effects of the share buyback program on the admission for trading on
the Stock Exchange: none.
The disclosure of changes and details of transactions will be published on the
Internet website of BWT AG at www.bwt-group.com in section "Investors" and
"Share buyback".
Further inquiry note:
BWT Aktiengesellschaft
Mag. Ralf Burchert
ralf.burchert@bwt-group.com
Tel.: 06232/5011-1113
end of announcement euro adhoc
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issuer: BWT Aktiengesellschaft
Walter-Simmer-Str. 4
A-5310 Mondsee
phone: 06232/5011-0
FAX: 06232/4058
mail: office@bwt.at
WWW: www.bwt-group.com
sector: Water Supply
ISIN: AT0000737705
indexes: Standard Market Auction
stockmarkets: official market: Wien
language: English