EANS-Adhoc: BWT Aktiengesellschaft
Management Board agrees on share buyback
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Company Information
08.02.2011
Disclosure pursuant to §§4 (2), 5 and 6 of the Disclosure Regulation 2002
At the Annual General Meeting on May 26th, 2010, management was authorized to buy back shares. Now, the Management Board of BWT has taken the resolution to make use of this authorization.
Details on the share buyback program: 1. The day of authorization of the resolution by the Annual General Meeting according to Para. 65 Sec. Z 8 AktG (Stock Corporation Act) is May 26th, 2010. 2. The resolution by the Annual General Meeting was disclosed on May 26th, 2010 and registered with the register of companies on August 4th, 2010. 3. The Buyback Program is expected to end on May 26th, 2012. 4. The Buyback Program concerns ordinary shares of BWT AG. 5. The intention is to buy back up to 1,140,237 shares, i.e. up to around 6.4% of the current share capital of BWT AG. 6. The minimum price to be paid in the buyback is EUR 1 (one euro) and the maximum price to be paid in the buyback is EUR 99 (ninety-nine euro) per share. 7. The buyback takes place via the stock exchange or over-the-counter. The main purpose is the return of capital to the shareholders while simultaneously improving the capital structure. The authorization by the Annual General Meeting extends to the use of repurchased shares (i) to serve as consideration for acquisitions, (ii) to sell own shares at any time over the stock exchange or via a public offer, or excluding a public offer and over-the-counter. 8. Other effects of the share buyback program on the admission for trading on the Stock Exchange: none.
The disclosure of changes and details of transactions will be published on the Internet website of BWT AG at www.bwt-group.com.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
BWT Aktiengesellschaft
Mag. Ralf Burchert
ralf.burchert@bwt-group.com
Tel.: 06232/5011-1113
Branche: Water Supply
ISIN: AT0000737705
WKN: 884042
Index: ATX Prime
Börsen: Wien / official market
Original-Content von: BWT AG, übermittelt durch news aktuell