EQS-Ad-hoc: Palfinger AG / Key word(s): AGM/EGM/Share Buyback
PALFINGER AG: Publication of the Resolution of the Annual General Meeting
of April 3, 2025 on the Authorization to Acquire Treasury Shares
03-Apr-2025 / 14:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
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The issuer is solely responsible for the content of this announcement.
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Publication of the resolution of the 37th Annual General Meeting on April
3, 2025 regarding the authorization to acquire treasury shares in
accordance with Sec. 65 para. 1 sentence 8 as well as para. 1a and 1b of
the Stock Corporation Act in conjunction with Sec. 119 para. 9 of the
Austrian Stock Exchange Act and Sec. 3 para. 1 of the Austrian Publication
Regulation
The following resolution was adopted under item 8 of the agenda at the
37^th Annual General Meeting of PALFINGER AG in Salzburg on April 3, 2025:
1. In accordance with Section 65 (1) (8) and (1a and 1b Stock
Corporation Act), the Executive Board is authorized to acquire company
no-par value shares in the amount of up to 10% of the company's share
capital for a period of validity of 30 months from April 3, 2025,
until October 2, 2027, both on the stock exchange and over the
counter, and only from individual shareholders, or from a single
shareholder, at a lowest equivalent of EUR 10, - (euro ten) per share
and a maximum equivalent of EUR 100, (euro one hundred) per share.
Trading in treasury shares is excluded as a purpose for acquiring
shares. The authorization may be exercised in whole or in part or in
several installments and in pursuit of one or more purposes by the
Company, by a subsidiary (Sec. 189a sentence 7 of the Business Code)
or by third parties for the account of the Company.
2. The Executive Board of PALFINGER AG may decide to acquire shares on
the stock exchange, but the Supervisory Board must be informed of this
decision after it has been taken. Off-market acquisition of shares is
subject to the prior approval of the Supervisory Board. In the case of
an off-market acquisition of shares, this can also be executed with
the exclusion of the right to sell on a pro rata basis (reverse
exclusion of subscription rights).
3. The Executive Board is authorized for a period of five years from the
date of the resolution in accordance with Sec. 65 para. 1b of the
Stock Corporation Act, with the consent of the Supervisory Board, to
provide for the sale or use of treasury shares other than selling them
on the stock exchange or by public offer, while applying the
provisions relating to the exclusion of shareholders' subscription
rights, The authorization may be exercised in whole or in part or in
several installments and in pursuit of one or more purposes by the
Company, by a subsidiary (Sec. 189a sentence 7 of the Business Code)
or by third parties for the account of the Company.
4. The Executive Board is also authorized, with the consent of the
Supervisory Board, to reduce the share capital, if necessary, by
retiring these treasury shares without a further resolution by the
Annual General Meeting in accordance with Sec. 65 para. 1 line 8 last
sentence in conjunction with Sec. 122 of the Stock Corporation Act.
The Supervisory Board is authorized to adopt amendments to the
Articles of Association resulting from the retirement of shares.
The Executive Board
End of Inside Information
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03-Apr-2025 CET/CEST News transmitted by EQS Group. www.eqs.com
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Language: English
Company: Palfinger AG
Lamprechtshausener Bundesstraße 8
5020 Salzburg
Austria
Phone: +43 (0)662/2281-81101
Fax: +43 (0)662/2281-81070
E-mail: ir@palfinger.com
Internet: www.palfinger.ag
ISIN: AT0000758305
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2111318
End of Announcement EQS News Service
2111318 03-Apr-2025 CET/CEST
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