Andritz AG

EANS-News: Andritz AG

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.


Graz (euro adhoc) - The 104th Annual General Meeting of Shareholders held on March 29, 2011 adopted the following resolutions concerning item 8 on the agenda:

"1. Pursuant to sec. 65 para. 1 sub-para. 8 AktG (Austrian Stock Corporation
    Act), the Executive Board is given authorization for a period of thirty
    months from April 1, 2011 to buy back own shares of the company to the
    maximum extent permitted by law and to possibly cancel these company shares
    with approval from the Supervisory Board without having to submit the
    matter to the Annual General Meeting of Shareholders again. Any trading in
    the company´s own shares for the purpose of profit-making is expressly

 2. The lowest price per no-par value share must not be less than the
    respective amount represented by each share in the capital stock. The
    highest price paid per share upon buy-back must not exceed the average
    unweighted closing price over the ten trading days on the Vienna Stock
    Exchange preceding exercise of this authorization by more than 10%.

 3. This resolution, as well the buy-back program based thereon and any resale
    program, are to be published, also stating their respective durations.

 4. The Executive Board is given authorization for a period of five years as
    from the date of adopting the resolution to decide, with approval from the
    Supervisory Board, on alienating own shares partially or entirely in a way
    other than by sale via the stock exchange or by public offer, thereby also
    excluding public purchase (exclusion of subscription rights) if such
    alienation of own shares (i) serves to provide shares for a share option
    program benefitting management and Executive Board members or (ii) serves
    as a consideration in the acquisition of companies, businesses, business
    units or shares in companies." 

Graz-Andritz, March 2011 The Executive Board

end of announcement                               euro adhoc


Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market

Weitere Meldungen: Andritz AG

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