SW Umwelttechnik Stoiser & Wolschner AG

Transaction in Own Shares • Oct 10, 2000

News Details

Ad-hoc | 10 October 2000 07:43

Ad hoc-Service: SW Umwelttechnik share repurc

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— Press release, 10 October 2000 SW Umwelttechnik to launch share repurchase scheme Owing to current negotiations with potential acquisition targets, the SW Umwelttechnik Management Board has decided to exercise the authorization granted to it by the General Meeting of May 2000 to repurchase shares. In order to build up a war chest for acquisitions paid for with SW Umwelttechnik stock, 43,000 shares (approx. 7% of the share capital) are to be repurchased by May 2001, at prices ranging between EUR 10 and EUR 80. In connection with a share option scheme for members of the Management Board and senior executives the company repurchased 12,000 shares (2% of the share capital) as cover for options in 1999. SW Umwelttechnik plans to continue to expand rapidly in the Central and East European (CEE) wastewater treatment markets served by it. Turnover has already quadrupled in the past five years. Using its strong organic growth as a platform, the company intends to expand its market shares by way of acquisitions, so as to profit from the vast investment needs of CEE countries. Contracts Bernd Wolschner, member of the Management Board of SW Umwelttechnik Tel: + 43 (0)7259 31 35 0; fax: + 43 (0)7259 3135 6 Christian Riel, Finance/Investor Relations Tel: +43 (0)664 4337105; fax: + 43 (0)1 3688686 E-mail: christian.riel@sw-umwelttechnik.at Website: www.sw-umwelttechnik.at Ende der Mitteilung