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Andritz AG

EANS-Adhoc: ANDRITZ: Publication of the resolution by the Executive and Supervisory Boards to make use of a buy-back authorization

  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.


Graz - February 13, 2020

1. Date of the authorization resolution by the Annual General Meeting: March 23,

2. Date and form of publication of the authorization resolution: March 26, 2018
via euro adhoc and on the company's website

3. Start and expected duration of the buy-back program: March 4, 2020 (= end of
blackout period for full year results 2019) to October 5, 2020; type of shares
to which the buy-back program refers: ANDRITZ AG no-par value shares issued to

4. Intended volume (number of shares) of the buy-back program: Up to 1,000,000
company shares (ISIN AT0000730007) issued to bearers, which is equal to 0.96
percent of the company´s voting share capital.

5. Lowest amount: proportional amount of the capital stock per share. Highest
amount: The highest amount per share must not exceed 10 percent of the average,
unweighted closing price on the preceding 10 trading days.

6. Form and purpose of buying back treasury shares, in particular whether the
buy-back is to be conducted through and/or outside the stock exchange, whether a
takeover bid will be made during the buy-back, whether the shares are to be
retired or sold again if need be, or whether they are to be used for the
purposes of an employee participation program: The buy-back of ANDRITZ shares
under the buy-back program will be conducted through the Vienna Stock Exchange.
No takeover bid will be submitted on the occasion of the buy-back. The purpose
of the buy-back is to use treasury shares for purposes pursuant to the
authorization resolution by the Annual General Meeting on March 23, 2018, in
particular the improvement of supply and demand for the ANDRITZ share on the
Vienna Stock Exchange, however excluding trading of treasury shares for the
purpose of profit-making. No shares will be retired on the occasion of the buy-
back program. The company reserves the right to also use the purchased treasury
shares for the purposes of a stock option program for employees, senior
executives, and members of the Executive or Supervisory Boards of the company or
one of its associated companies if necessary; in this case, the issuer will
disclose the number and distribution of the stock options to be granted without
delay, pursuant to § 6(1), Austrian Publication Ordinance. In addition, the
company reserves the right to use purchased treasury shares as consideration in
the acquisition of companies, businesses, business units, or shares in
companies. The company reserves the right to sell purchased treasury shares
again through the Vienna Stock Exchange.

7. Possible effects of the buy-back program on the listing of the issuing
company: None

8. Number of options to be granted or already granted and distribution over
employees, senior executives and individual members of the company's boards or
of the boards of its associated companies stating the respective number of
shares available for subscription in each case if the issuing company intends
granting or has already granted stock options within the time period pursuant to
§ 65(1), line 8, of the Austrian Corporation Act: 102 company executives in the
ANDRITZ GROUP were allocated a total of 975,000 stock options for the stock
option program approved by the Annual General Meeting on March 23, 2018.
Currently 97 company executives with a total of 909,000 stock options (thereof
150,000 in total for the members of the executive board) still participate in
this stock option program.

The number of stock options granted per senior executive eligible is up to
20,000 depending on the area of responsibility. Each stock option entitles the
holder to the purchase of one share.

In the event of purchased treasury shares being issued, the issuing company will
disclose the extent of the stock options without delay pursuant to § 6(1) of the
Austrian Publication Ordinance.

9. The changes and the transactions conducted will be made public exclusively
through the ANDRITZ AG web site

- End -

ANDRITZ is an international technology group providing plants, systems,
equipment, and services for various industries. The company is one of the
technology and global market leaders in the hydropower business, the pulp and
paper industry, the metal working and steel industries, and in solid/liquid
separation in the municipal and industrial segments. Other important fields of
business are animal feed and biomass pelleting, as well as automation, where
ANDRITZ offers a wide range of innovative products and services in the IIoT
(Industrial Internet of Things) sector under the brand name of Metris. In
addition, the company is active in power generation (steam boiler plants,
biomass power plants, recovery boilers, and gasification plants) and
environmental technology (flue gas and exhaust gas cleaning plants) and offers
equipment for the production of nonwovens, dissolving pulp, and panelboard, as
well as recycling plants.

ANDRITZ stands for passion, partnership, perspectives and versatility - core
values to which the company is committed. The listed Group is headquartered in
Graz, Austria. With almost 170 years of experience, approximately 29,700
employees, and more than 280 locations in over 40 countries worldwide, ANDRITZ
is a reliable and competent partner and helps its customers to achieve their
corporate and sustainability goals.

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

end of announcement                         euro adhoc

issuer:       Andritz AG
              Stattegger Straße 18
              A-8045 Graz
phone:        +43 (0)316 6902-0
FAX:          +43 (0)316 6902-415
ISIN:         AT0000730007
indexes:      ATX, WBI
stockmarkets: Wien
language:     English

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