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© STRABAG
© STRABAG

STRABAG SE management board resolves to make use of the authorisation to buy back own shares

  • Ad-hoc-Release

7th Annual General Meeting of STRABAG SE (the “Company”) held on 10 June 2011 authorised the management board of the Company to buy back own shares in accordance with Section 65 Paragraph 1 No. 8 of the Austrian Stock Corporation Act (AktG) to the extent of up to 10 % of the share capital of the Company during a period of 13 months from the day of the resolution, i.e. until 10 July 2012. In accordance with the authorisation granted by the Annual General Meeting of the Company, the share acquisition can occur on the stock market or over the counter, with approval of the supervisory board required for over-the-counter purchases.

The management board with the consent of the supervisory board has resolved to make use of this authorisation as follows:

  • Conditions of the share buyback:

    Start and anticipated duration: from 16 June 2011 through 10 July 2012
    Share class: Common shares (ISIN AT000000STR1)
    Volume: up to 10% of the share capital of the company, i.e. a maximum of 11,400,000 shares
    Purchase price: from EUR 1.00 (including this amount) to EUR 27.115 (including this amount)
    Purchase method: on the stock market and possibly over the counter (OTC)
    Purpose: to any purpose allowed by Section 65 Paragraph 1 No. 8 of the Austrian Stock Corporation Act (AktG), especially for the purpose of using own shares as cash for growth
    Day of resolution: 10 June 2011
    Day and type of publication of resolution: the publication has occured on 10. June.2011 in accordance with Section 82 Para. 8 of the Austrian Stock Exchange Act (BörseG)

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STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our activities span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by taking an end-to-end view of construction over the entire life cycle – from planning and design to construction, operation and facility management to redevelopment or demolition. In all of our work, we accept responsibility for people and the environment: We are shaping the future of construction and are making significant investments in our portfolio of more than 250 innovation and 400 sustainability projects. Through the hard work and dedication of our approximately 86,000 employees, we generate an annual output volume of around € 19 billion.
Our dense network of subsidiaries in various European countries and on other continents extends our area of operation far beyond the borders of Austria and Germany. Working together with strong partners, we are pursuing a clear goal: to design, build and operate construction projects in a way that protects the climate and conserves resources. More information is available at www.strabag.com.