DGAP-News: EVN AG / Key word(s): Corporate Action/Corporate Action
EVN AG: EVN plans to release own shares to employees
13.06.2013 / 18:30
---------------------------------------------------------------------
At the Annual General Meeting held on January 17th, 2008 and January 19th,
2012, 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 commencing on the day on which the resolution was
adopted. On the basis of this authorization, the Executive Board acquired
323,102 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. On the basis of the previous year's authorization EVN AG acquired
further 1,391,530 own shares. At present EVN AG has 1,714,632 own shares in
its possession, which corresponds to about 0.95% of the share capital of
the company.
The Executive Board of EVN AG resolved on June 13th, 2013, to release a
maximum of 170,000 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 170,000 non-par value
shares (corresponding to a maximum of 0.095% 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, 2013. 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 2013. 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 fulfil 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
---------------------------------------------------------------------
13.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group 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
---------------------------------------------------------------------
Language: English
Company: EVN AG
EVN Platz
2344 Maria Enzersdorf
Austria
Phone: +43-2236-200-12294
Fax: +43-2236-200-82294
E-mail: info@evn.at
Internet: www.evn.at
ISIN: AT0000741053
WKN: 074105
Indices: ATX
Listed: Foreign Exchange(s) Wien (Amtlicher Handel / Official
Market)
End of News DGAP News-Service
---------------------------------------------------------------------
216354 13.06.2013
DGAP-News: EVN AG: EVN plans to release own shares to employees
| Source: EQS Group AG