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Pankl Racing Systems AG

euro adhoc: Pankl Racing Systems AG
Buybacks
Pankl Racing Systems AG decides upon share repurchase programme (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Bruck an der Mur, 20 July 2004. The board of Pankl Racing Systems AG
has decided to make use of the authorisation by the 6th General
Meeting of the company of 26.3.2004, i.e. the repurchase of shares to
the extent of a maximum of 388.800 company shares in the name of the
holder (up to 10 percent of the original capital). The nominal value
for the purchase of these shares must not exceed or fall below the
stock exchange price by more than 20 percent. The applicable stock
exchange price is the closing price for the share of the respective
securities exchange within the last 5 trading days before the
acquisition of the shares. The redemption programme starts on 21 July
2004 and runs presumably until 21 January 2005. The present
publication is no offer to purchase shares of Pankl Racing Systems AG
and does not constitute an obligation for the company to accept
offers of redemption of shares of Pankl Racing Systems AG.
The repurchase will be carried out from time to time at the
discretion of the company and dependent on the current market
situation. It can be conclusively or momentarily stopped without
announcement. The repurchase of shares on the basis of this
repurchase programme takes place via the German Stock Exchange/Prime
Standard. Before the realisation of the present repurchase programme
the company holds 26.880 own shares, i.e. about 1 percent of the
nominal capital.
Changes of the redemption programme as well as the publication of the
transactions carried out in the framework of the redemption programme
will be published on the website of Pankl Racing Systems AG under
www.pankl.com under "IR/Stocks" and under  www.pankl-ir.com under
"Share".
end of announcement        euro adhoc 20.07.2004

Further inquiry note:

Pankl Racing Systems AG
Head of Investor Relations & Corporate Communications
Heidrun Sölkner
Phone: 0043 3862 33 999 114
mail: ir@pankl.co.at
Webside: www.pankl.com
IR-Portal: www.pankl-ir.com

Branche: Technology
ISIN: AT0000800800
WKN: 914732
Index: Prime Standard
Börsen: Frankfurter Wertpapierbörse / official dealing
Nasdaq Europe / official dealing

Plus de actualités: Pankl Racing Systems AG
Plus de actualités: Pankl Racing Systems AG