DGAP-News: EVN AG / Key word(s): Corporate Action/Corporate Action
EVN AG: EVN plans to release own shares to employees
22.06.2011 / 14:30
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At the Annual General Meeting held on January 17, 2008, 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 during a period lasting 18 months commencing on the day
on which the resolution was adopted. The corresponding announcement was
published on the same day pursuant to Section 82
Para. 8 Stock Exchange Act. On the basis of this authorization, the
Executive Board acquired own shares up until October 29, 2008, with the
purpose of improving the supply and demand for the EVN share on
the Vienna Stock Exchange. At present EVN AG has 467,328 own shares in its
possession, which corresponds to about 0.26% of the share capital of the
company.
The Executive Board of EVN AG resolved on June 21, 2011 to release a
maximum of 146,000 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.
Therefore it is intended to transfer a maximum of 146,000 non-par value
shares (corresponding to a maximum of 0.0812% 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 3, 2011.
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 2011. 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 fulfill the disclosure requirements laid out in Sections
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
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22.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: EVN AG
EVN Platz
2344 Maria Enzersdorf
Ãsterreich
Phone: +43-2236-200-12294
Fax: +43-2236-200-82294
E-mail: info@evn.at
Internet: www.evn.at
ISIN: AT0000741053
WKN: 074105
Listed: Foreign Exchange(s) Wien (Amtlicher Handel / Official
Market)
End of News DGAP News-Service
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129456 22.06.2011
DGAP-News: EVN AG: EVN plans to release own shares to employees
| Source: EQS Group AG