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© STRABAG
© STRABAG

STRABAG SE Supervisory Board approves of exercising the authorisation to acquire own shares

The 12th Annual General Meeting of STRABAG SE (the “Company”) held on 10 June 2016 authorised the Management Board of the Company to acquire own shares pursuant to Section 65 Paragraph 1 No. 8 as well as Paragraph 1a and 1b of the Austrian Stock Corporation Act (AktG) in the amount of up to 10 % of the Company’s share capital, with such authorisation being valid for a duration of 13 months from the day of having passed the resolution, i. e. until 10 July 2017. According to the authorisation of the Company’s General Meeting the acquisition may be carried out both through the stock market or over-the-counter (OTC), whereby the approval of the Company’s Supervisory Board is required for any OTC acquisition.

Upon the approval of the Supervisory Board the Management Board has decided to make use of the authorisation in due time as follows:

Conditions of the share buyback

  • Start and expected duration: from 10 June 2016 to 10 July 2017
  • Type of shares: common shares (ISIN AT000000STR1)
  • Volume: up to 10 % of the Company's share capital
  • Price of acquisition: from € 1.00 (including this amount) to € 34.00 (including this amount)
  • Type of acquisition: through the stock market and possibly over-the-counter
  • Purpose: for any purpose admissible pursuant to Section 65 Paragraph 1 No. 8 of the Austrian Stock Corporation Act (AktG), in particular for the use of its own shares as acquisition currency
  • Date of the authorization resolution: 10 June 2016
  • Date and type of publication of the authorization resolution: the resolution was published on 10 June 2016 pursuant to Section 82 Paragraph 8 of the Austrian Stock Market 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.