Ad-hoc | 21 January 2016 15:25
EVN AG / Key word(s): Share Buyback/Share Buyback
21.01.2016 15:25
Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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On 21 January 2016, the Executive Board of EVN AG decided based on an
authorising resolution of the 87th Annual General Meeting of the
shareholders of the EVN AG, held on 21 January 2016, to acquire its own
zero par value bearer shares in the company. It is intended to buy back up
to 1,000,000 shares, representing up to 0.556% of the current share
capital, on the Vienna Stock Exchange. The share buyback is primarily
designed to improve the supply and demand of the EVN share on the Vienna
Stock Exchange. Trading with own shares for profit-making purposes is
excluded. The share buyback programme will begin on 28 January 2016 and end
on 31 October 2016 at the latest.
Details on the share buyback programme pursuant to § 5 (2) Austrian
Disclosure Regulation 2002:
1. The day on which the resolution authorising the share buyback programme
was approved by the Annual General Meeting was 21 January 2016.
2. 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 21 January 2016.
3. The share buyback programme commences on 28 January 2016, and is
anticipated to continue until
31 October 2016.
4. The share buyback programme concerns zero par value bearer shares of EVN
AG. There are no other classes of shares.
5. The intended volume of the repurchase of the company's own shares is up
to 1,000,000 shares, which corresponds up to 0.556% of the current share
capital of the company.
6. 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 EVN share price on the last day of trading before the day on
which the option to buy back shares is exercised.
7. 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 for the EVN share on the Vienna Stock Exchange. Trading
with own shares for profit-making purposes is excluded.
8. The share buyback programme will not have an effect on the stock market
listing of the issuer.
9. 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.
Maria Enzersdorf, 21 January 2016
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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.
21.01.2016 The DGAP 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:
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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