DGAP-News: EVN AG: EVN plans to release own shares to employees
(firmenpresse) - DGAP-News: EVN AG / Key word(s): Corporate Action
EVN AG: EVN plans to release own shares to employees
06.06.2012 / 18:00
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At the Annual General Meeting held on January 17th, 2008, it was resolved
to authorize the Executive Board of EVN AG to acquire own shares (treasury
stock) amounting to a maximum of 10% of the share capital of EVN AG during
a period lasting 18 months commencing on the day on which the resolution
was adopted. The corresponding announcement was published on the same day
pursuant to§82 (8) Stock Exchange Act. On the basis of this
authorization, the Executive Board acquired own shares up until October
29th, 2008, with the purpose of improving the supply and demand for the EVN
share on the Vienna Stock Exchange. At present EVN AG has 398,260 own
shares in its possession, which corresponds to about 0.22% of the share
capital of the company.
The Executive Board of EVN AG resolved on June 6th, 2012 to release a
maximum of 190,000 of its own shares to employees of the company as well as
employees of specified subsidiaries (EVN Netz GmbH and evn wasser
Gesellschaft m.b.H.) instead of the planned special payment stipulated in
an agreement concluded with employee representatives. No share option
programme currently exists at EVN AG.
Therefore it is intended to transfer a maximum of 190,000 non-par value
shares (corresponding to a maximum of 0.11% of the share capital of EVN AG)
currently owned by the company to employees, provided that the employees
agree to exercise this option. The treasury stock to be transferred into
the possession of employees is comprised of ordinary non-par value bearer
shares of EVN AG. The transfer of these own shares to employees will take
place and end on August 6th, 2012. The equivalent value for each of the
shares transferred into the possession of employees corresponds to 90% of
the average of the share price at the end of daily trading in the 27th to
30th calendar weeks in the year 2012. The treasury stock given to employees
will have no effect on the admission to trading of the shares of the
issuer.
EVN AG intends to fulfill the disclosure requirements laid out in§§6 and
7 of the Austrian Disclosure Regulation 2002 by publishing the information
on its website at www.investor.evn.at.
End of Corporate News
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06.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: EVN AG
EVN Platz
2344 Maria Enzersdorf
Austria
Phone: +43-2236-200-12294
Fax: +43-2236-200-82294
E-mail: info(at)evn.at
Internet: www.evn.atISIN: AT0000741053
WKN: 074105
Indices: ATX
Listed: Foreign Exchange(s) Wien (Amtlicher Handel / Official
Market)
End of News DGAP News-Service
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173127 06.06.2012
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Datum: 06.06.2012 - 18:00 Uhr
Sprache: Deutsch
News-ID 153822
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Kategorie:
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