EQS-Adhoc: voestalpine AG: voestalpine AG resolves on share buyback program; buyback of up to 10,000,000 shares corresponding to approx. 5.6 % of voestalpine AG’s share capital planned

EQS-Ad-hoc: voestalpine AG / Key word(s): Share Buyback
   voestalpine AG: voestalpine AG resolves on share buyback program; buyback
   of up to 10,000,000 shares corresponding to approx. 5.6 % of voestalpine
   AG’s share capital planned

   03-Nov-2022 / 11:24 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group AG.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   The Management Board of voestalpine AG today resolved to make use of the
   authorization to buy back shares granted at the Annual General Meeting on
   7 July, 2021 and has decided on the following buyback program. This
   resolution and the buyback program are hereby published pursuant to
   section 65 para. 1a of the Stock Corporation Act in conjunction with
   section 119 para. 9 of the Stock Exchange Act 2018 and pursuant to
   sections 4 and 5 of the Publication Ordinance 2018
   (Veröffentlichungsverordnung 2018):

     • The date of the authorization resolution by the Annual General Meeting
       is 7 July, 2021.
     • The resolution of the Annual General Meeting was published on the
       company's website on 7 July, 2021.
     • Start of buyback program: 10 November, 2022; expected duration until
       10 July, 2023.
     • The buyback program relates to the ordinary bearer shares of
       voestalpine AG.
     • It is intended to buy back up to 10,000,000 ordinary shares of
       voestalpine AG, corresponding to approximately 5.6% of the total share
       capital.
     • The lowest consideration to be paid at the time of the buyback may not
       be more than 20% below, and the highest consideration to be paid at
       the time of the buyback may not be more than 10% above, the average
       closing price of the last three trading days prior to the acquisition
       of the shares.
     • The shares will be bought back exclusively via the stock exchange and
       multilateral trading facilities.
     • It is intended to use the shares bought back in accordance with the
       authorization resolution of the Annual General Meeting of 7 July,
       2021.
     • Possible effects on the stock exchange listing: None
     • Notice pursuant to section 5 para. 4 of the Publication Ordinance 2018
       (Veröffentlichungsverordnung 2018): voestalpine AG intends to fulfill
       the publication obligations pursuant to sections 6 and 7 of the
       Publication Ordinance 2018 on the Internet via the Company's website
       ([1]www.voestalpine.com à Investors).

   A credit institution will be mandated to carry out the share buyback. The
   credit institution has to make its decision on the timing of the
   acquisition of shares of voestalpine AG independently and without
   influence and has to comply with the trading conditions set out in Art 3
   of the Commission Delegated Regulation (EU) 2016/1052 of 8 March, 2016.

   In particular, this publication does not constitute a public offer to
   purchase voestalpine shares and does not create any obligation on the part
   of voestalpine AG or any of its subsidiaries to accept offers for the
   buyback of voestalpine shares.

   ══════════════════════════════════════════════════════════════════════════

   03-Nov-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     voestalpine AG
                voestalpine-Straße 1
                4020 Linz
                Austria
   Phone:       +43 50304/15-9949
   Fax:         +43 50304/55-5581
   E-mail:      IR@voestalpine.com
   Internet:    www.voestalpine.com
   ISIN:        AT0000937503
   WKN:         897200
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1477675


    
   End of Announcement EQS News Service


   1477675  03-Nov-2022 CET/CEST

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=206d29e14e4245a37ea836eb9e03d879&application_id=1477675&site_id=apa_ots_austria&application_name=news

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |

print