--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
08.08.2012
The 12th Annual General Meeting (AGM) of POLYTEC Holding AG held on May 16, 2012
authorized the management board of POLYTEC Holding AG to buy back own shares in
accordance with Section 65 Paragraph 1 No. 8 of the Austrian Stock Corporation
Act (AktG) to the extent of up to 10% of the share capital of the Company of
non-par bearer shares during a period of 30 months starting with the
authorization granted by the AGM. The share acquisition can occur on the stock
market or over the counter.
The management board with the consent of the supervisory board has resolved to
make use of this authorization.
According to Section 5 Paragraph 1 Austrian Publication Ordinance the Company
therefore announces the following:
Conditions of the share buy-back
Start and anticipated duration : from August 14 to October 15 2014
Share class : Common shares (ISIN AT0000A00XX9)
Volume: up to 10 % of the share capital of POLYTEC Holding AG; i.e. up to a
maximum of 2.232.957 shares
Purchase price: to a lowest price per share of EUR 1 and a highest price, which
is not higher than 10% of the unweighted average closing price of the last 5
trading days.
Purchase method: on the stock market and over the counter (OTC)
Purpose: Return capital to shareholders, to achieve a further improvement of the
capital structure as well as to use the shares as acquisition currency
Day of resolution: May 16, 2012
Day and type of publication of the resolution: the publication has occurred on
May 29, 2012 in accordance with Section 82 Para. 8 of the Austrian Stock
Exchange Act (BörseG)
The public announcements according to Sections 6 and 7 of the Austrian
Publication Ordinance will be made on the company website www.polytec-group.com
Further inquiry note:
Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
manuel.taverne@polytec-group.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: Polytec Holding AG
Polytec Strasse 1
A-4063 Hörsching
phone: +43 (0) 7221 / 701-0
FAX: +43 (0) 7221 / 701-0
mail: investor.relations@polytec-group.com
WWW: www.polytec-group.com
sector: Industrial Components
ISIN: AT0000A00XX9
indexes: ATX Prime
stockmarkets: official market: Wien
language: English