EQS-News: Andritz AG: Publication of a resolution by the Annual General Meeting

EQS-News: Andritz AG / Key word(s): Share Buyback/AGM/EGM
Andritz AG: Publication of a resolution by the Annual General Meeting

30.03.2023 / 11:24 CET/CEST
The issuer is solely responsible for the content of this announcement.

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GRAZ, MARCH 30, 2023. ANDRITZ AG, Stattegger Strasse 18, 8045 Graz
(hereinafter referred to as “the company”) hereby announces, pursuant to §
119 (9) BörseG (Austrian Stock Exchange Act) and to § 2 (1) and § 3 (1)
Veröffentlichungsverordnung 2002 (Austrian Publication Ordinance 2002),
that the 116^th Annual General Meeting of the company on March 29, 2023
passed the following resolutions:

 1. Pursuant to § 65 (1) line 8 AktG, the Executive Board is authorized to
purchase treasury shares up to the maximum amount permitted by law for
a period of 30 months as from October 1, 2023, and to cancel these
company shares where appropriate with the approval of the Supervisory
Board without having to consult the Annual General Meeting again
beforehand. Trading of treasury shares for profit is expressly
excluded. The authorization can be exercised for the full or a partial
amount, or also in several installments and in pursuit of one or
several goals on the part of the company, its affiliated companies or
on the part of third parties on their behalf.

 2. The value per no-par value share must not fall below the proportional
amount in each case of the company’s share capital per share. The
maximum amount to be paid to buy back a no-par value share must not be
more than 10% higher than the average unweighted closing price on the
Vienna Stock Exchange during the ten trading days preceding the
exercise of this authorization.

 3. Both this resolution and the buyback program on which it is based and
any re-sale program and their respective durations must be published

 4. The Executive Board is authorized for a period of five years after the
resolution is passed and with the approval of the Supervisory Board to
dispose or make use of the treasury shares purchased for any legally
permissible purpose in another way than through the stock exchange or
a public offering and also to exclude the preemptive rights of
shareholders to purchase a certain quota thereof (exclusion of
subscription rights). The authorization can be exercised in full or in
part or in several partial amounts for one or several purposes.

Pursuant to § 119 (10) BörseG, this announcement takes the place of the
publication pursuant to § 65 (1a), sentence 2, AktG.

 

 

The Executive Board of ANDRITZ AG

 

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30.03.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Andritz AG
Stattegger Straße 18
8045 Graz
Austria
Phone: +43 (0)316 6902-0
Fax: +43 (0)316 6902-415
E-mail: welcome@andritz.com
Internet: www.andritz.com
ISIN: AT0000730007
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1597063

 
End of News EQS News Service

1597063  30.03.2023 CET/CEST

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