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CHRIST WATER TECHNOLOGY AG

euro adhoc: CHRIST WATER TECHNOLOGY AG
Annual & Special Corporate Meetings / CHRIST-AGM agrees on stock option program and share buyback

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
24.05.2006
Today´s 5th Annual General Meeting of Christ Water Technology agrees
on a stock option program for management and the supervisory board to
increase shareholder value generation and loyalty of key staff. For
this purpose management was authorized to issue up to 891,675 new
shares corresponding to up to 5% of the shares outstanding.
Alternatively, treasury shares to be bought back may also be used to
cover the program. The maximum number of options is 891,675. The
exercise period extends over 3 years one third of the volume each
between 15th to 31st of March in the years 2007, 2008 and 2009.
Further, the AGM agreed on a share buyback program up to 10% of the
shares outstanding. Moreover, in compliance with the Austrian
Corporate Governance stipulations and the EU-Takeover-Directive the
maximum 15% discount for takeover offers according to the Austrian
Takeover Act was excluded. Ms. Gerda Egger and Mr. Emil
Flückiger-Roth were elected as new members of the supervisory board
following the retirement of Andreas Weissenbacher, CEO of the BWT
Group. The full results of the AGM are published on
www.christwater.com
end of announcement                               euro adhoc 24.05.2006 19:34:57

Further inquiry note:

Christ Water Technology
Ralf Burchert, CEFA
ralf.burchert@christ-water.com
Tel.: 06232/5011-1113

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market

Weitere Storys: CHRIST WATER TECHNOLOGY AG
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