Austrian Airlines

euro adhoc: Austrian Airlines AG
Publication subject to § 82, Section 9, in connection with § 82, Section 10 of the Stock Exchange Act and Publication Regulation 2002

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


Austrian Airlines AG

At the 52nd Annual General Meeting of Shareholders of Austrian Airlines AG on  4 May 2007, the General Meeting of Shareholders adopted a  resolution  authorising the Board of Management, for a period of 18 months from  the  authorisation,  to acquire own shares in the company up to the highest  legally  admissible  extent of 10% of the issued share capital including those own shares already   acquired. The lowest equivalent value to be paid  in  the   acquisition  is  EUR  5.00  per share, and the highest equivalent value to be paid in  the  acquisition  is  EUR 20.00 per share.

The Board of Management  of  Austrian  Airlines  AG  has  now   decided  to  take advantage of this authorisation to acquire its  own shares.  It  envisages  the programme for the acquisition as follows:

@@start.t2@@1. The day on which the General Meeting of Shareholders adopted the resolution
      authorising the acquisition, subject to § 65, Section 1,  Point  8  of  the
      Austrian Stock Corporation Act (Aktiengesetz), was 4 May 2007.

2. The day on  which  the  General  Meeting  of  Shareholders  published  this
      resolution in the Amtsblatt zur Wiener Zeitung, subject to § 65, Section 1a
      of the Austrian Stock Corporation Act (Aktiengesetz), was 8 May 2007.

3. The acquisition programme begins on 27 November 2007, and  is  expected  to
      end on 29 February 2008.

4. The acquisition programme relates to ordinary  bearer  shares  of  Austrian
      Airlines AG with no nominal value.

5. Intended volume: up to 2,570,400 own shares, which is equivalent of  up  to
      3% of the  current  issued  share  capital.  The  company  currently  holds
      1,700,000 already acquired own shares, so that the company would hold 4.98%
      of the current issued share capital, if the total intended volume would  be

6. According to the resolution of the General Meeting of Shareholders on 4 May
      2007 the lowest equivalent value to be paid in the acquisition is EUR 5.00,
      and the highest equivalent value to be  paid  in  the  acquisition  is  EUR

7. a) Type of acquisition: the acquisition is to  take  place  via  the  Stock

      b) Purpose: the shares acquired can be used for  all  purposes,  which  are
      covered and  authorised  by  the  resolution  of  the  General  Meeting  of
      Shareholders on 4 May 2007. The company particularly reserves the right  to
      possibly use the acquired shares for an employee  participation  programme,
      or possibly for the Stock Option Programme 2007 or to dispose the shares if
      necessary via the stock exchange or by means of a public offer. Trading  in
      own shares must not be the purpose of the acquisition.

8. Possible effects of the acquisition programme on the stock exchange listing
      of the shares of the issuer: none.

9. The number and distribution of share options granted to employees, managers
      and members of the Board within the framework of Stock Options Plans (SOP),
      indicating the respective obtainable number of shares,  whereby  one  share
      option is equivalent to one share:

      SOP 2002

      Alfred Ötsch                                                                -
      Vagn Soerensen                                                            170,940
      Josef Burger                                                                119,664
      Thomas Kleibl                                                              119,664
      Walter Bock                                                                 119,664

      Total Board of Management                                          529,932
      Total Management (incl. subsidiaries)                        917,828
      Total options granted                                              1,447,760

      SOP 2007

      Alfred Ötsch                                                                150,000
      Thomas Kleibl                                                              150,000

      Total Board of Management                                          300,000
      Total Management (incl. subsidiaries)                        871,000
      Total options granted                                              1,171,000@@end@@

Austrian Airlines AG intends to fulfil its duties of publication subject  to  §§ 6  and  7  of  the  Publication  Regulation  through the  publication  of    the information via the publicly accessible internet website  of  Austrian  Airlines AG (

Die Angaben  zur  Offenlegung  gemäß  §§  24  und  25  Mediengesetz   sind  unter auffindbar / Please find  further   information  concerning  the disclosure according to §§ 24 and 25 Media Act on

@@start.t3@@end of announcement                                                 euro adhoc 21.11.2007 19:33:45

ots Originaltext: Austrian Airlines
Im Internet recherchierbar:

Further inquiry note:
Livia Dandrea-Böhm
Tel.: 051766-11231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 13311

Branche: Air Transport
ISIN:      AT0000620158
WKN:        875224
Index:    WBI, ATX Prime, ATX
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Austrian Airlines

Das könnte Sie auch interessieren: