Andritz AG completes share buy-back program

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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   The issuer is solely responsible for the content of this announcement.

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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

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   1. mailto:michael.buchbauer@andritz.com