RHI AG

EANS-News: RHI AG
Publication of a resolution adopted at the Annual General Meeting dated May 8, 2015 regarding the authorization to purchase no-par bearer shares of the Company in accordance with § 65 para. 1(4) as well as para 1a and para 1b ...

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Buybacks

At the 36th Annual General Meeting of RHI AG held on May 8, 2015 the following
resolution was adopted:
 

a)The Management Board shall be authorized in accordance with § 65 para. 1
(4) as well as para. 1a and para. 1b AktG to acquire, during a period of
validity of 30 months starting on May 8, 2015, up to 12,000 no-par bearer
shares of the Company by purchasing such shares both on an exchange and by
off-market transactions, in each case at the stock exchange price of the
day this authorization is exercised. The acquisition cannot be effected for
the purpose of trading in treasury shares. The authorization may be
exercised in full or in part or even in several tranches by the Company, by
a subsidiary (§ 228 para. 3 UGB) or for the account of the Company by third
parties.
The Management Board of RHI AG may resolve to purchase on an exchange but the
Supervisory Board must be notified of this resolution afterwards. Any purchases
by off-market transactions are subject to prior approval by the Supervisory
Board.
 
b)The Management Board shall be authorized for a period of five years as
from May 8, 2015 to decide in accordance with § 65 para. 1b AktG, with the
approval of the Supervisory Board, to alienate and/or use treasury shares in a
way different from sale on an exchange or by way of a public offer, with the
regulations governing the exclusion of the shareholders' subscription rights
applying by analogy, and to determine the terms of the alienation. The
authorization may be exercised in full or in part or even in several tranches by
the Company, by a subsidiary (§ 228 para. 3 UGB) or for the account of the
Company by third parties, for the purpose of implementing an employee stock
ownership program to issue shares to employees and executives of the Company as
well as to members of the management, executives and employees of Group
Companies (continuation of the "employee stock ownership plan 4+1").
 
 
Vienna, May 2015
The Management Board

Further inquiry note:
RHI AG  
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com

end of announcement                               euro adhoc 
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company:     RHI AG
             Wienerbergstrasse 9
             A-1100 Wien
phone:       +43 (0)50213-6676
FAX:         +43 (0)50213-6130
mail:     rhi@rhi-ag.com
WWW:      http://www.rhi-ag.com
sector:      Refractories
ISIN:        AT0000676903
indexes:     ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 



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