EANS-Other capital market information: Andritz AG / Acquisition and/or sale of treasury shares according to art. 119 para. 9 Stock Exchange Act EAE

3/24/2021, 6:43 PM (Source: euro adhoc)


Chart for: Andritz AG


Chart for: ATX
  Other capital market information transmitted by euro adhoc with the aim of a
  Europe-wide distribution. The issuer is responsible for the content of this

ANDRITZ: Publication of a resolution by the Annual General Meeting

Graz, March 24, 2021. ANDRITZ AG, Stattegger Strasse 18, 8045 Graz (hereinafter
referred to as "the company") hereby announces, pursuant to § 119 (9) BörseG
(Austrian Stock Exchange Act) and to § 2 (1) and § 3 (1)
Veröffentlichungsverordnung 2002 (Austrian Publication Ordinance 2002), that the
114th Annual General Meeting of the company on March 24, 2021 passed the
following resolutions:

1. Pursuant to § 65 (1) line 8 AktG, the Executive Board is authorized to
     purchase treasury shares up to the maximum amount permitted by law for a
     period of 30 months as from April 1, 2021, and to cancel these company
     shares where appropriate with the approval of the Supervisory Board without
     having to consult the Annual General Meeting again beforehand. Trading of
     treasury shares for profit is expressly excluded. The authorization can be
     exercised for the full or a partial amount, or also in several installments
     and in pursuit of one or several goals on the part of the company, its
     affiliated companies or on the part of third parties on their behalf.

2. The value per no-par value share must not fall below the proportional
     amount in each case of the company's share capital per share. The maximum
     amount to be paid to buy back a no-par value share must not be more than
     10% higher than the average unweighted closing price on the Vienna Stock
     Exchange during the ten trading days preceding the exercise of this

3. Both this resolution and the buyback program on which it is based and any
     re-sale program and their respective durations must be published

4. The Executive Board is authorized for a period of five years after the
     resolution is passed and with the approval of the Supervisory Board to
     dispose or make use of the treasury shares purchased for any legally
     permissible purpose in another way than through the stock exchange or a
     public offering and also to exclude the preemptive rights of shareholders
     to purchase a certain quota thereof (exclusion of subscription rights). The
     authorization can be exercised in full or in part or in several partial
     amounts for one or several purposes.

Pursuant to § 119 (10) BörseG, this announcement takes the place of the
publication pursuant to § 65 (1a), sentence 2, AktG.

The Executive Board of ANDRITZ AG

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465

end of announcement                         euro adhoc

issuer:       Andritz AG
              Stattegger Straße 18
              A-8045 Graz
phone:        +43 (0)316 6902-0
FAX:          +43 (0)316 6902-415
mail:         welcome@andritz.com
WWW:          www.andritz.com
ISIN:         AT0000730007
indexes:      WBI, ATX
stockmarkets: Wien
language:     English

EAX0019    2021-03-24/18:43

Ad-hoc-Mitteilung übermittelt durch euro adhoc.
Für den Inhalt ist der Emittent verantwortlich.