Palfinger AG

euro adhoc: Capital measures
PALFINGER AG plans to cancel own shares

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

Company Information

25.02.2008

PALFINGER AG plans to cancel own shares

o The Company currently holds 1,805,000 own shares  o The Annual
General Meeting will vote on the cancellation of 1,405,000 shares      
and a subsequent reduction of the share capital

Bergheim, Salzburg, 25 February 2008

PALFINGER AG currently holds 1,805,000  own  shares  acquired  under the  share repurchase scheme until 2003. The average share purchase price was EUR 4.60.  In order to adjust its capital structure, the Company is  now  planning  to  cancel the majority of these shares. It is intended to retain 400,000  shares  for  the purposes of stock option programmes.

After having obtained the approval of the Supervisory Board, the Management Board of PALFINGER AG will therefore propose to the Annual General Meeting of 26 March 2008 to approve the cancellation of 1,405,000 own shares and a subsequent reduction of the Company's share capital by EUR 1,405,000, from EUR 37,135,000 to EUR 35,730,000, in accordance with sec. 192 para. 3 (2) in conjunction with sec. 192 para. 4 of the Austrian Companies Act (AktG). The Company intends to implement the cancellation of its own shares during 2008.

@@start.t2@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

ots Originaltext: Palfinger AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Hannes Roither, PALFINGER AG
Company Spokesperson
Phone +43 662 46 84-2260
h.roither@palfinger.com

Anton Graf, PALFINGER AG
Investor Relations
Tel. +43 662 46 84-2275
a.graf@palfinger.com

Branche: Machine Manufacturing
ISIN:      AT0000758305
WKN:        919964
Index:    ATX Prime
Börsen:  Wiener Börse AG / official market



Weitere Meldungen: Palfinger AG

Das könnte Sie auch interessieren: