DGAP-Adhoc: EVN AG: Change in the current share buyback

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News Desk 2018

Sep 30, 2014 at 12:45 PM

DGAP-Adhoc: EVN AG: Change in the current share buyback programme of EVN AG

EVN AG / Key word(s): Share Buyback 30.09.2014 18:30 Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- On 30 September 2014, the Executive Board of EVN AG announced the purchase of additional shares of the company's stock within the framework of the authorisation granted by the 85th Annual General Meeting of EVN AG on 16 January 2014. This share buyback programme has been in progress since 22 January 2014 and will now be extended to cover up to an additional 1,000,000 shares, which represent up to 0.556 % of the current share capital of EVN AG. The Executive Board of EVN AG also announced that the current share buyback programme will presumably be extended to 30 June 2015. The share buyback programme led to the repurchase of 117,500 treasury shares from its beginning on 22 January 2014 up to and including 30 September 2014. The share buyback programme is intended to improve supply and demand for the EVN share on the Vienna Stock Exchange, since the company considers the share to be undervalued. It should be noted that the purchase of treasury shares for trading purposes is excluded. Information on the share buyback programme in accordance with Â§ 5 para. 2 in connection with Â§ 6 of the Austrian Publication Ordinance of 2002 is provided below: Applicable conditions since 22 January 2014 1. The date of the authorising resolution passed by the Annual General Meeting pursuant to Â§ 65 para. 1 no. 4 and 8 of the Austrian Stock Corporation Act was 16 January 2014. 2. The date of publication of the Annual General Meeting resolution on the share buyback pursuant to Â§ 82 para. 8 of the Austrian Stock Exchange Act was 16 January 2014. 3. The share buyback programme began on 22 January 2014; expected duration up to 30 September 2014. 4. The share buyback programme involves zero par value bearer common shares of EVN AG. 5. Plans call for the repurchase of up to 1,000,000 shares - this represents up to 0.556% of current share capital. 6. In accordance with the resolution of the Annual General Meeting, the repurchase may only be made in exchange for compensation at a maximum of 20% under and a maximum of 10% over the price on the Vienna Stock Exchange on the market day preceding the repurchase. 7. The treasury shares will be repurchased over the Vienna Stock Exchange. The purpose of the share buyback programme is to improve the supply and demand for the EVN AG share on the Vienna Stock Exchange, since the company considers the share to be undervalued. The purchase of treasury shares for trading purposes is excluded. 8. The share buyback programme has no effect on the admission of the issuer's shares for stock exchange trading. 9. EVN AG has no stock option programme at the present time. Amended conditions as of 30 September 2014 To 3.: Continuation of the share buyback programme as of 6 October 2014; expected duration up to 30 June 2015. To 5.: The planned volume of the buyback equals a maximum of 1,000,000 shares - this represents up to 0.556% of current share capital. EVN AG will meet the disclosure requirements defined in Â§Â§ 6 and 7 of the Austrian Publication Ordinance of 2002 through the publication of information in the Internet under: www.investor.evn.at. Maria Enzersdorf, 30 September 2014 LEGAL NOTICE THIS AD-HOC ANNOUNCEMENT CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION TO BUY ANY SECURITIES OF EVN AG. THIS AD-HOC ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA AND MUST NOT BE DISTRIBUTED TO U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED ("SECURITIES ACT")) OR TO PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS AD-HOC ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 30.09.2014 The DGAP 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: Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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