EANS-News: RHI AG
Publication of a resolution adopted at the Annual General
Meeting dated May 8, 2015 regarding the authorization to purchase no-par bearer
shares of the Company in accordance with § 65 para. 1(4) as well as para 1a and
para 1b ...
08.05.2015 – 18:17
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Buybacks At the 36th Annual General Meeting of RHI AG held on May 8, 2015 the following resolution was adopted: a)The Management Board shall be authorized in accordance with § 65 para. 1 (4) as well as para. 1a and para. 1b AktG to acquire, during a period of validity of 30 months starting on May 8, 2015, up to 12,000 no-par bearer shares of the Company by purchasing such shares both on an exchange and by off-market transactions, in each case at the stock exchange price of the day this authorization is exercised. The acquisition cannot be effected for the purpose of trading in treasury shares. The authorization may be exercised in full or in part or even in several tranches by the Company, by a subsidiary (§ 228 para. 3 UGB) or for the account of the Company by third parties. The Management Board of RHI AG may resolve to purchase on an exchange but the Supervisory Board must be notified of this resolution afterwards. Any purchases by off-market transactions are subject to prior approval by the Supervisory Board. b)The Management Board shall be authorized for a period of five years as from May 8, 2015 to decide in accordance with § 65 para. 1b AktG, with the approval of the Supervisory Board, to alienate and/or use treasury shares in a way different from sale on an exchange or by way of a public offer, with the regulations governing the exclusion of the shareholders' subscription rights applying by analogy, and to determine the terms of the alienation. The authorization may be exercised in full or in part or even in several tranches by the Company, by a subsidiary (§ 228 para. 3 UGB) or for the account of the Company by third parties, for the purpose of implementing an employee stock ownership program to issue shares to employees and executives of the Company as well as to members of the management, executives and employees of Group Companies (continuation of the "employee stock ownership plan 4+1"). Vienna, May 2015 The Management Board Further inquiry note: RHI AG Investor Relations Mag. Simon Kuchelbacher Tel: +43-1-50213-6676 Email: simon.kuchelbacher@rhi-ag.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: RHI AG Wienerbergstrasse 9 A-1100 Wien phone: +43 (0)50213-6676 FAX: +43 (0)50213-6130 mail: rhi@rhi-ag.com WWW: http://www.rhi-ag.com sector: Refractories ISIN: AT0000676903 indexes: ATX Prime, ATX stockmarkets: official market: Wien language: English