Share buyback 2016–2017

The 12th Annual General Meeting of STRABAG SE (the “Company”) held on 10 June 2016 authorised 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 authorisation 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 authorisation 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 authorisation in due time as follows:

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 € 1.00 (including this amount) to € 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 authorisation resolution:the resolution was published on 10 June 2016 pursuant to Section 82 Paragraph 8 of the Austrian Stock Market Act (BörseG)

Published on website: 15.07.2016 – Last Update: 20.01.2021 11:11:44