voestalpine AG — Share Issue/Capital Change 2002

Sep 23, 2002

News Details

Ad-hoc | 23 September 2002 07:36

voestalpine AG english

Share repurchase program Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Share repurchase program At the 10th Annual General Meeting of voestalpine AG held on July 2, 2002 the Managing Board of voestalpine AG was authorized to repurchase own shares pursuant to Art.65 Para.1 Section 4 of the AktG (Joint Stock Corporation Act) and/or pursuant to Art. 65 Para.1 Section 8 of the AktG (Joint Stock Corporation Act), whereby the total extent of its repurchased shares may not exceed 10% of its respective share capital, and whereby the authorization shall be valid up to and including 31.12.2003. Pursuant to the authorization, the minimum equivalent value of each repurchased share shall be no less than EUR 15 and no more than EUR 50. The Managing Board of voestalpine AG has resolved to utilize the authorization granted by the 10th annual General Meeting of the company on July 2, 2002 to effect a repurchase of stocks covering up to 200,000 of the Company’s ordinary bearer shares and corresponding to approximately 0.5 % of the companys share capital. The Managing Board of voestalpine AG reserves the right to extend the scope of the repurchase program. However, a separate resolution would have to be adopted on this matter. voestalpine AG fulfills its duties of publication pursuant to Arts. 6 and 7 of the Publications Act by publishing information on voestalpine AGs Internet website at http://www.voestalpine.com under “share repurchase program” where you can find the details of the repurchase program. end of ad-hoc-announcement (c)DGAP 23.09.2002 ——————————————————————————– WKN: 093750; ISIN: AT0000937503; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München, Stuttgart; London 230736 Sep 02