euro adhoc: HTP High Tech Plastics AG / Buybacks / HTP High Tech Plastics AG announces share buy-back program (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

HTP High Tech Plastics AG, Neudörfl (Austria), June 9, 2004.

HTP High Tech Plastics AG’s 6th Annual General Meeting on May 26, 2004 has taken the decision to authorise the Board to purchase own shares up to 10% of the share capital for a period of 18 months starting from the date of resolution.

Based on this authorisation, the Board has agreed upon a share buy-back program.
It is intended to repurchase up to 200.000 bearer shares, which corresponds to 3.6 % of the company’s stock capital. The defined price range is from EUR 3.00 to EUR 8.00. The share buy-back program starts on June 11, 2004 and is going on until December 15, 2004.

Primarily, repurchased shares shall be used for the execution of the acquisition strategy as well as the coverage of existing and future employee profit sharing and stock option programs.

The repurchase is concluded from time to time, at the company’s discretion and without regard to the actual market situation. It may be stopped definitely or temporarily without notification.

Before starting the mentioned share buy-back program, the company has 272.946 own shares at its disposal. This corresponds to about 5% of the share capital.

The legally required disclosures in the context of the share buy-back program are provided in the "Wiener Zeitung" and in the German "Börsenzeitung". Modifications of the share buy-back program as well as the disclosure of executed transaction will be published on HTP High Tech Plastics AG’s homepage

Further inquiry note:
HTP High Tech Plastics AG
Mag. Isolde Kühhas
Tel.: 0664/3262647
Fax: 02253/20167
Tel: 02622/460-0
FAX: 02622/460-1102

Emittent: HTP High Tech Plastics AG Fabriksgelände 1 AT-7201 Neudörfl Tel: 02622/460-0 FAX: 02622/460-1102 Email: WWW: ISIN: AT0000764600 WKN: 928963 Indizes: Prime Standard Börsen: official dealing Frankfurter Wertpapierbörse; free trade

end of announcement euro adhoc

Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Börse Düsseldorf, Baden-Württembergische Wertpapierbörse
Branche: Synthetics & Plastics
Sprache: Englisch