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Management Board agrees to resume share buyback

8.2.2011 16:30   Mondsee

Disclosure pursuant to §§4 (2), 5 and 6 of the Disclosure Regulation 2002

 

At the Annual General Meeting on May 26th, 2010, 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 program:

 

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 26th, 2010.
2. The resolution by the Annual General Meeting was disclosed on May 26th, 2010 and registered with the register of companies on August 4th, 2010.
3. The Buyback Program is expected to end on May 26th, 2012.
4. The Buyback Program concerns ordinary shares of BWT AG.
5. The intention is to buy back up to 1,140,237 shares, i.e. up to around 6.4% of the current share capital of BWT AG.
6. The minimum price to be paid in the buyback is EUR 1 (one euro) and the maximum price to be paid in the buyback is EUR 99 (ninety-nine euro) 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

 

Overview BWT share-buyback