euro adhoc: Binder+Co Aktiengesellschaft
Buybacks
Share buy-back Binder+CO AG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
19.05.2008
Share buy-back Binder+CO AG, ISIN Code AT000BINDER3:
SHARE BUY-BACK PROGRAMME from May 26, 2008 until September 26, 2010 Following the approval of a resolution by the 9th Annual General Meeting of Binder+Co AG shareholders on March 26, 2008, the Management Board was authorised for a period of 30 months, which will expire on September 26, 2010, to repurchase company stock, whereby the number of shares bought shall not exceed 10% of share capital and the transaction value per purchased share be between EUR 10.00 and EUR 20.00. This resolution was published on the Binder+Co website on April 15, 2008.
On May 16, 2008, the Binder+Co AG Management Board decided to implement this authorisation.
Information concerning the buy-back programme
Duration: May 26, 2008 until September 26, 2010 at the latest
Share category: ordinary shares
Planned volume: maximum of 375,000 ordinary shares, i.e. 10% of share capital
Purchase price: according to the AGM resolution, the purchase price per share shall be between EUR 10.00 and EUR 20.00.
Type of purchase: stock exchange
Purpose of purchase: Stock option programme - issue of the shares to the workforce, executive management and members of the company´s Management Board.
The Stock Option Programm is scheduled to last five years. The following distribution is planned:
Management Board: 28,000 shares Segment managers: 37,000 shares Unit managers: 73,000 shares
Other employees: 166,000 shares
The share buy-back programme has no effect on the Binder+Co AG stock exchange trading authorisation.
In accordance with §§ 6 and 7 of the Publication Directive, changes and the transactions completed within the scope of the buy-back programme will be published via the Internet on the Binder+Co AG website under http://www.binder-co.com
end of announcement euro adhoc
Further inquiry note:
Karl Grabner, member of the Management Board
Tel.: 03112/800-363
Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wiener Börse AG / Regulated free trade