EQS Post-admission Duties announcement: Andritz AG / Closing announcement
share buy-back program Andritz AG
Andritz AG completes share buy-back program
03.12.2024 / 18:02 CET/CEST
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ANDRITZ completes share buy-back program
GRAZ, 3 December 2024
Based on the authorization granted by the 116th Annual General Meeting on
29 March 2023 pursuant to sect. 65 para. 1 item (8) of the Stock
Corporation Act, which was published according to section 119 para. 9
Stock Exchange Act (BörseG) via an electronic information dissemination
system on 30 March 2023, the Managing Board of ANDRITZ AG decided on 30
July 2024 to buy back own ordinary bearer shares via the Stock Exchange
(including multilateral trading systems).
The resolution states that up to 2,080,000 shares – equal to 2.00% of the
company’s voting share capital – shall be purchased between 5 August 2024
(inclusive) and 31 January 2025 (inclusive).
Maximum price limit per share (maximum consideration) and minimum price
limit per share (lowest consideration): In accordance with the
authorization granted by the Annual General Meeting and the resolution of
the Managing Board 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. Therefore, in accordance
with this authorisation the maximum share price for the share-buyback
shall be EUR 61.699. The minimum price must not be below the proportional
amount of the company’s share capital per share which corresponds to 1
EUR.
The Managing Board of ANDRITZ AG hereby gives notice that after the
maximum number of shares had been reached, the share buyback program was
completed and ended on 2 December 2024. As of 2 December 2024, the company
holds a total of 6,443,716 treasury shares, which correspond to 6.20% of
the share capital.
Overvierw on the result of the share buyback:
Number of repurchased shares: 2,080,000 bearer shares
thereof Vienna Stock Exchange: 1,216,274 bearer shares
thereof MTF: 863,726 bearer shares
Percentage of the share capital: 2.00%
Highest price paid per share: EUR 61.65
thereof Vienna Stock Exchange: EUR 61.65
thereof MTF: EUR 61.65
Lowest price paid per share: EUR 50.90
thereof Vienna Stock Exchange: EUR 50.95
thereof MTF: EUR 50.90
Weighted average price of the total shares EUR 56.06
repurchased: EUR 56.14
thereof Vienna Stock Exchange: EUR 55.96
thereof MTF:
Total value of repurchased shares: EUR 116,610,494.22
Completion of the share buyback: 2 December 2024
FOR FURTHER INFORMATION, PLEASE CONTACT
Matthias Pfeifenberger
Head of Global Investor Relations
(1)matthias.pfeifenberger@andritz.com
andritz.com
ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of
innovative plants, equipment, systems, services and digital solutions for
a wide range of industries and end markets. Sustainability is an integral
part of the company’s business strategy and corporate culture. With its
extensive portfolio of sustainable products and solutions, ANDRITZ aims to
make the greatest possible contribution to a sustainable future and help
its customers achieve their sustainability goals. ANDRITZ is a global
market leader in all four of its business areas – Pulp & Paper, Metals,
Hydropower and Environment & Energy. Technological leadership and global
presence are cornerstones of the group’s strategy, which is focused on
long-term profitable growth. The publicly listed group has around 30,000
employees and over 280 locations in more than 80 countries.
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03.12.2024 CET/CEST
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Language: English
Company: Andritz AG
Stattegger Straße 18
8045 Graz
Austria
Internet: www.andritz.com
End of News EQS News Service
2043523 03.12.2024 CET/CEST
References
Visible links
1. mailto:michael.buchbauer@andritz.com
