Ad-hoc | 28 December 2012 14:30
EVN AG / Key word(s): Share Buyback
28.12.2012 14:30
Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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On December 28th, 2012, the Executive Board of EVN AG resolved, on the
basis of the authorising resolution of the 83rd Annual General Meeting of
the shareholders of EVN AG from January 19th, 2012, in connection with the
existing share buyback programme, to acquire an additional number of up to
1,000,000 of its own shares, representing up to 0.556% of the current share
capital of EVN AG. Furthermore, the Executive Board resolved to extend the
share buyback programme, that commenced on June 6th, 2012, until August
31st, 2013.
Since the commencement of the share buyback programme on June 6th, 2012,
and including December 27th, 2012, an aggregate number of 931,530 shares
have been acquired by EVN AG.
The share buyback is primarily designed to improve the supply and demand of
the share of EVN AG on the Vienna Stock Exchange, as the company considers
the exchange to be undervalued. Trading with own shares for profit-making
purposes is excluded.
Details on the share buyback programme pursuant to § 5 (2) Austrian
Disclosure Regulation 2002:
Current conditions as of June 6th, 2012 Modified conditions as of
December 28th, 2012
The day on which the resolution authorising the
share buyback programme was approved by the
Annual General Meeting was January 19th, 2012.
The day on which the announcement of the
resolution passed by the Annual General Meeting
authorising the share buyback programme
pursuant to § 82 (8) Austrian Stock Exchange
Act was January 19th, 2012.
The share buyback programme commences on June The extended period of the
6th, 2012, and is anticipated to continue until share buyback programme is
December 31st, 2012. anticipated to continue
until August 31st, 2013.
The share buyback programme concerns non-par
value bearer shares of EVN AG.
The intended volume of the repurchase of up to The intended volume was
1,000,000 own shares which corresponds up to increased by an additional
0.556% of the current share capital of EVN AG. number of up to 1,000,000
shares, representing up to
0.556% of the current
share capital of EVN AG.
Pursuant to a resolution of the Annual General
Meeting, the nominal value to be paid per share
has to be in the range of 20% below and 10%
above the share price of EVN AG on the last day
of trading before the day on which the option
to buy back shares is exercised.
The buyback programme of own shares will take place on the Vienna
Stock Exchange. The main purpose of the share buyback programme
is to improve the supply and demand of the share of EVN AG on the
Vienna Stock Exchange, as the company considers the exchange to
be undervalued. Trading with own shares for profit-making
purposes is excluded.
The share buyback programme will not have an effect on the stock
market listing of the issuer.
EVN does not offer any stock option programme at present.
EVN AG intends to fulfil its disclosure requirements pursuant to §§ 6 and 7
Austrian Disclosure Regulation 2002 by publishing the relevant information
on its Website at www.investor.evn.at.
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Information and Explaination of the Issuer to this News:
LEGAL NOTICE
THIS AD-HOC ANNOUNCEMENT CONSTITUTES NEITHER AN OFFER TO SELL NOR A
SOLICITATION TO BUY ANY SECURITIES OF EVN AG.
THIS AD-HOC ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR
DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA AND MUST NOT BE
DISTRIBUTED TO U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED ('SECURITIES ACT')) OR TO PUBLICATIONS
WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS AD-HOC ANNOUNCEMENT
DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO
PURCHASE ANY SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN
AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED,
SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT
REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT.
28.12.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: EVN AG
EVN Platz
2344 Maria Enzersdorf
Austria
Phone: +43-2236-200-12294
Fax: +43-2236-200-82294
E-mail: info@evn.at
Internet: www.evn.at
ISIN: AT0000741053
WKN: 074105
Indices: ATX
Listed: Wien (Amtlicher Handel / Official Market)
End of Announcement DGAP News-Service
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