EANS-News: UNIQA Insurance Group AG Announcement according to Section § 65
(1b) of Stock Corporation Act in connection with Section 2 of Austrian
Publication Ordinance and Section 119 (7) of Stock Exchange Act
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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Buybacks/Annual & Special Corporate Meetings
Vienna / Austria -
Unofficial translation from the German language - only the German language
version is legally binding
Announcement according to Section § 65 (1b) of the Stock Corporation Act in
connection with Section 2 of the Austrian Publication Ordinance
(Veröffentlichungsverordnung) and Section 119 (7) of the Stock Exchange Act
On 28 May 2018, the 19th Annual General Meeting of UNIQA Insurance Group AG,
1029 Vienna, Untere Donaustraße 21, has passed the following resolution to item
6 on the agenda:
"The Management Board shall be authorized to purchase own shares pursuant to
Section 65 (1.8) and (1a) and (1b) of the Stock Corporation Act, subject to
approval by the Supervisory Board, up to a maximum of 10% of the share capital,
including other own shares already purchased and still held by the Company
(which are to be counted toward the maximum number of own shares allowed
pursuant to Section 65 (2) of the Stock Corporation Act), with the option of
making repeated use of the 10% limit, on the stock exchange and over the
counter, also excluding the shareholders' proportional tender option. The
authorization can be exercised from 29 May 2018 up to and including 29 November
2020, i.e. over a period of 30 months, for the purchase of own shares at a
minimum price of EUR 1.00 and a maximum price of EUR 15.00 per share. The
authorization granted to purchase own shares also includes the purchase of
shares of the Company by subsidiaries of the Company (Section 66 Stock
Corporation Act).
The Company's own shares can be sold, subject to approval by the Supervisory
Board, within a period of five years from the date of authorization other than
on the stock exchange or by public offering, (i) for the purpose of setting up
an employee participation program, either including members of the Management
Board and/or senior employees or exclusively for members of the Management Board
and/or senior employees, or for a stock option plan for employees, either
including members of the Management Board and/or senior employees or exclusively
for members of the Management Board and/or senior employees of the Company and,
if so decided, of affiliated companies, including, if applicable, through
transfer to an employee participation foundation in the meaning of Section 4d
(4) of the Income Tax Act, or (ii) as transaction currency for the acquisition
of companies, establishments, parts of establishments or participating interests
in one or several companies in Austria or abroad, or (iii) for an over-allotment
option (greenshoe option) or (iv) for the rounding of fractional amounts.
The Management Board shall be authorized to withdraw own shares bought back with
the approval of the Supervisory Board but without further authorization to be
granted by the Annual General Meeting, and the Supervisory Board is authorized
to adopt amendments to the Articles of Association required as a result of the
withdrawal of shares."
Vienna, on 29 May 2018
UNIQA Insurance Group AG
The Management Board
Further inquiry note:
UNIQA Insurance Group AG
Norbert Heller
Tel.: +43 (01) 211 75-3414
mailto:norbert.heller@uniqa.at
end of announcement euro adhoc
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issuer: UNIQA Insurance Group AG
Untere Donaustraße 21
A-1029 Wien
phone: 01/211 75-0
FAX:
mail: investor.relations@uniqa.at
WWW: http://www.uniqagroup.com
ISIN: AT0000821103
indexes: ATX, WBI
stockmarkets: Wien
language: English