Share Buyback Program
Pursuant to the Austrian Stock Corporation Act, share buybacks may not exceed 10% of the company’s share capital and must be approved by the Annual General Meeting.
On the basis of the authorization granted by the Ordinary Annual General Meeting on May 18, 2010 to the Management Board the share buyback program will comprise the following:
| Volume: |
up to 10% of the company’s share capital |
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| Duration: |
up to 30 months from the adoption date of the resolution |
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| Price band: |
from EUR 1 up to EUR 150 |
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| Use: |
The Management Board is authorized to redeem the Company's own shares or, with the Supervisory Board’s approval until 17 May 2015, to dispose of the Company's own shares by a means other than via the stock exchange or by public offering, optionally partially or completely excluding shareholders' subscription rights. |
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At present there is no resolution by the Management Board to use this authorization concerning share buybacks. More detailed information about past share buybacks are available here.