The shares of STRABAG SE have listed on the Vienna Stock Exchange since 19 October 2007. At that time, the Haselsteiner Group held 25 % -3 shares, Raiffeisen/UNIQA Group 25 % +1 share and Rasperia Trading Limited 25 % +1 share. The free float accounted for 25 % +1 share.
The year of the initial public offering was characterised by considerable price fluctuations. The records on the international stock markets in the first six months of the year were quickly forgotten in the second half when the markets reacted with considerable losses to the subprime crisis on the US mortgage market. When the US investment bank Lehman Brothers collapsed in September 2008, heralding the start of the global financial crisis, there had already been increasing signs of an economic slowdown. Accompanied by declining real economic growth rates and rising inflationary pressure, the stock markets began a downward slide for the next few years.
As a result of the economic crisis, core shareholder Rasperia Trading Ltd., owned by Russian entrepreneur Oleg Deripaska, sold its stake to the other core shareholders. Rasperia maintained the option to buy back its share package in the autumn of 2010. At the end of November 2010, Rasperia bought back a 17 % stake. A buy option was granted for the remaining 8 % and was used at a later date.
The 7th STRABAG SE Annual General Meeting of 10 June 2011 authorised the Management Board of the company, in accordance with Section 65 Paragraph 1 No. 8 of the Austrian Stock Corporation Act (AktG), to acquire up to 10 % of the share capital of the company on the stock market or over the counter until no later 10 July 2012. The purchase price per STRABAG SE share was set at no more than € 27.115 – the book value per share at the end of 2010.
The 8th STRABAG SE Annual General Meeting of 15 June 2012 authorised the Management Board of the company, in accordance with Section 65 Paragraph 1 No. 8 of the Austrian Stock Corporation Act (AktG), to acquire up to 10 % of the share capital of the company during a period of validity of twelve months from 10 July 2012. The authorisation granted the possibility to acquire the shares either on the stock market or over the counter. The new authorisation of the Management Board to acquire own shares therefore seamlessly followed the authorisation granted by resolution of the Annual General Meeting on 10 June 2011.
The authorisation was to be exercised by the Management Board in such a way that, under consideration of the already acquired number of shares, a maximum of 11,400,000 shares was not exceeded and therefore an acquisition of own shares would at no time lead to a shareholding in excess of the 10 % mark.
Due to the share buyback programme that ended on 23 May 2013, STRABAG SE held 10.0 % or 11,400,000 own shares, as at the end of January 2014.
On 10 June 2016, the Annual General Meeting voted to withdraw 4,000,000 own shares. As a result of this transaction, which was registered on 22 July 2016, the share capital is worth € 110.0 million and the own shares amount to 6.7 % of the share capital. This led to a slight increase in the holdings of the core shareholders. The current shareholder structure is available here. To our knowledge, no investor other than the core shareholders holds more than 5 % of the company.
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Published on website: 19.10.2007 – Last Update: 20.01.2021 12:47:39