Share Issue/Capital Change • Jul 15, 2016
Share Issue/Capital Change
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Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
The 12th Annual General Meeting of STRABAG SE (the "Company") held on 10 June 2016 authorized the Management Board of the Company to acquire own shares pursuant to Section 65 Paragraph 1 No. 8 as well as Paragraph 1a and 1b of the Austrian Stock Corporation Act (AktG)in the amount of up to 10 % of the Company's share capital, with such authorization being valid for a duration of 13 months from the day of having passed the resolution, i. e. until 10 July 2017. According to the authorization of the Company's General Meeting the acquisition may be carried out both through the stock market or over-the-counter (OTC), whereby the approval of the Company's Supervisory Board is required for any OTC acquisition.
Upon the approval of the Supervisory Board the Management Board has decided to make use of the authorization in due time as follows:
Terms and conditions for the share repurchase
Start and expected duration: from 10 June 2016 to 10 July 2017 Type of shares: common shares (ISIN AT000000STR1) Volume: up to 10 % of the Company's share capital Price of acquisition: from EUR 1.00 (including this amount) to EUR 34.00 (including this amount) Type of acquisition: through the stock market and possibly over-the-counter Purpose: for any purpose admissible pursuant to Section 65 Paragraph 1 No. 8 of the Austrian Stock Corporation Act (AktG), in particular for the use of its own shares as acquisition currency Day of the authorisation resolution: 10 June 2016 Day and type of publication of the authorization resolution: the resolution was published on 10 June 2016 pursuant to Section 82 Paragraph 8 of the Austrian Stock Market Act (BörseG)
Further inquiry note: STRABAG SE Marianne Gruber Corporate Communications Tel: +43 1 22422-1174 [email protected] Attachments with Announcement:
http://resources.euroadhoc.com/us/TDKs3QX6
http://resources.euroadhoc.com/us/K4WaS1H5
| issuer: | STRABAG SE |
|---|---|
| Donau-City-Straße 9 | |
| A-1220 Wien | |
| phone: | +43 1 22422 -0 |
| FAX: | +43 1 22422 - 1177 |
| mail: | www.strabag.com |
| WWW: | [email protected] |
| sector: | Construction & Property |
| ISIN: | AT000000STR1, AT0000A05HY9 |
| indexes: | WBI, ATX Prime, ATX, SATX |
| stockmarkets: official market: Wien | |
| language: | English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service
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