EQS Post-admission Duties announcement: EVN AG / Publication according to
§ 119 (9) BörseG
EVN AG: Other issuer/company information
11.06.2025 / 18:02 CET/CEST
Dissemination of a Post-admission Duties announcement transmitted by EQS
News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
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Publication of the planned disposal of own shares and the corresponding
resolution of the Management Board
The Management Board of EVN AG ("Company") has been repeatedly authorised
by the General Meeting to acquire own shares, most recently by a
resolution of the General Meeting dated 21/01/2016. Based on these
authorisations, the Company has acquired own shares on several occasions.
Most recently, on 21/01/2016 the Management Board of the Company passed a
resolution based upon the authorisation granted by the General Meeting
dated 21/01/2016 to acquire own shares of the Company amounting to a
volume of up to 1,000,000 shares - representing up to 0.556% of the
Company's share capital - through the Vienna Stock Exchange. The
corresponding buyback programme was launched on 28/01/2016 and terminated
prematurely on 05/10/2016. At present, the Company holds in total
1.599.194 own shares.
The Company as the universal legal successor of NIOGAS
Niederösterreichische Gaswirtschafts-Aktiengesellschaft and of
Niederösterreichischen Elektrizitätswirtschafts-Aktiengesellschaft NEWAG
as well as Netz Niederösterreich GmbH and EVN Wasser GmbH as affiliated
companies of the Company are obligated parties under a (terminated) shop
agreement, according to which a total of 443 employees of the Company,
Netz Niederösterreich GmbH and EVN Wasser GmbH ("Beneficiaries") are
eligible for an annual special payment ("Special Payment IX"). The Company
offers Beneficiaries to be compensated for part of the Special Payment IX
in shares of the Company ("Share Offering"). Specifically, the Company
offers the Beneficiaries to acquire shares in the Company for the
equivalent value of almost EUR 3,000, whereby 90% of the equivalent value
of the shares received is set off against the Special Payment IX. Based on
the average closing price of EVN shares on stock exchange trading days
from calendar week 27 to 30 (30/06/2025 till 27/07/2025), such a number of
shares per beneficiary will be calculated so that the equivalent value of
all shares granted remains just under EUR 3,000.
The Company intends to serve any Beneficiary claim that may result from
the acceptance of the Share Offering by the transfer of own shares in the
Company, while excluding the repurchase right (subscription right) of its
shareholders. Reference is also made to the Management Board's report
dated 28/05/2025 on the planned disposal of own shares which has been
published in accordance with the applicable law and can be accessed on the
Company's website under (1)http://www.evn.at/disposal-of-own-shares.
At first, the present publication announces that the Management Board has
passed a resolution with regard to the aforementioned which war agreed by
the Supervisory Board with today's resolution. And second, the planned
disposal of own shares to eligible employees is hereby announced as
follows, with reference to the following details in accordance with
section 5 para. 2 of the Publication Regulation 2018:
1. Date of the authorisation resolution of the general meeting pursuant
to section 65 para. 1 no. 8 of the Austrian Stock Corporation Act:
recently 21/01/2016. For the planned resale, an authorisation of the
General Meeting pursuant to section 65 para. 1b last sentence of the
Austrian Stock Corporation Act is not required since the Beneficiaries
are exclusively employees of the Company or its affiliated companies.
2. Date and type of publication of the resolution of the Management Board
and the General Meeting: 21/01/2016 electronically in accordance with
Article 119 para. 9 in conjunction with Article 119 para. 7 and
Article 119 para. 10 of the Stock Exchange Act (or their predecessor
provisions in the Stock Exchange Act 1989, which are in essence
identical as to content).
3. Start and probable duration of the disposal of own shares: 16/06/2025
to 25/07/2025 (in each case inclusive).
4. Class of shares to which the disposal of own shares refers:
no-par-value bearer shares with voting rights.
5. Envisaged volume (number) of the disposal of own shares, in particular
the proportion of the own shares to be sold in relation to the share
capital: The final volume has not been determined and is calculated as
described above. Based on the closing price of the Company's shares on
09/06/2025, this would result in a maximum volume of 54,489 shares,
which corresponds to a proportion of 0.03 % of the share capital.
6. Highest and lowest realizable equivalent value per share: The
equivalent value on which the transfer of the shares is based is
calculated as described above and has not been determined yet.
7. Class and purpose of the disposal of own shares, in particular whether
the disposal will take place on the stock exchange and/or outside the
stock exchange or whether they are intended to be used for the
purposes of a stock option program: The disposal of own shares will
take place OTC to employees of the Company or of affiliated companies
as outlined above.
8. Potential impact of the disposal of own shares on the listing of the
Company's shares: none.
9. Number and allocation of the stock options to be granted or that have
been granted to employees, executive employees or members of the
Management Board and Supervisory Board of the Company: not applicable
because no such options have been or will be granted.
The Company will publish all further details in connection with the
disposal of the shares in accordance with Sections 6 and 7 of the
Publication Regulation 2018 on the Company’s website under
(2)http://www.evn.at/disposal-of-own-shares.
Maria Enzersdorf, 11/06/2025
The Management Board
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11.06.2025 CET/CEST
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Language: English
Company: EVN AG
EVN Platz
2344 Maria Enzersdorf
Austria
Internet: www.evn.at
End of News EQS News Service
2153828 11.06.2025 CET/CEST
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