DGAP-Adhoc: AT&S General Assembly authorises prolongation of share repurchase
03.07.2008
AT&S Austria Technologie & Systemtechnik AG / AGM/EGM/Share Buyback
03.07.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The 14th General Assembly of AT&S Austria Technologie & Systemtechnik
Aktiengesellschaft (AT&S), held on 3 July 2008, decided to revoke the
authority granted to the Executive Board by resolution of the thirteenth
ordinary shareholders' meeting of 3 July 2007 under item 9 of the agenda
for a term of 18 months - to the extent the authority has not been
exercised so far - to repurchase and to use treasury stock.
At the same time the Executive Board has been authorised to, according to
Section 65 para 1 item 8 AktG, acquire treasury stock of the company of up
to 10% of the company's registered capital within 30 months of the
resolution. The purchase price must not be less than EUR 1.1 per no-par
value share to be acquired and not more than EUR 110.
Furthermore, the Executive Board has been authorised to cancel the treasury
stock acquired with no further resolution of the shareholders' meeting or
to use the same for implementation of the employee participation and/or
stock option plan of the company.
The Supervisory Board has been authorised to resolve on amendments to the
Articles of Association which result from the retirement of shares.
In its meeting of the same date, the Executive Board has decided to make
use of this authorisation and continue with the share buyback. Hence, AT&S
can buy back shares to an extent of up to 10% of the company's registered
capital within 30 months of the resolution. As of 30 June 2008 AT&S holds
2,577,412 treasury stock, i.e. 9.95% of the company's registered capital
and EUR 2,835,135.20 respectively.
The share repurchase will be carried out through Xetra in accordance with
Implementing Regulation (EC) 2273/2003.
Regular updates on the progress of the share repurchase scheme are posted
on the AT&S homepage www.ats.net (see under Investors).
Furthermore, the 14th General Assembly of AT&S authorised the Executive
Board pursuant to Section 65 (sixty-five) para 1 (one) b Austrian
Joint-Stock Companies Act [AktG] for a term of five years as of the
resolution, i.e. until 3 July 2013 (third of July two thousand and
thirteen) inclusive, with the consent of the Supervisory Board and without
further resolution of the shareholders' meeting to sell the acquired
treasury stock of the company, including in a way other than through the
stock exchange or a public offering, in particular as consideration for
convertible bonds or acquisition of enterprises, operations, divisions or
other assets or of interests in enterprises, operations and divisions and
in this connection to exclude, to the extent necessary, the pre-emptive
right of the shareholders as defined in Section 65 para 1b in conjunction
with Sections 169 to 171 AktG. Such authorisation may be exercised in
whole or in parts.
Furthermore the General Assembly decided a dividend of EUR 0.34 per share.
Ex-Day is 7 July 2008. The dividend will be paid on July 25.
This announcement fulfils Austrian notification requirements.
The results for the first quarter of AT&S will be published on 24 July
2008.
For more information please contact Hans Lang, IRO,
Tel. +43 (1) 68300 9259, e-mail: h.lang@ats.net,
or see www.ats.net.
03.07.2008 Financial News transmitted by DGAP
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Language: English
Issuer: AT&S Austria Technologie & Systemtechnik AG
Fabriksgasse 13
8700 Leoben
Österreich
Phone: +43 (1) 3842 200-0
Fax: +43 (1) 3842 200-216
E-mail: info@ats.net
Internet: www.ats.net
ISIN: AT0000969985
WKN: 922230
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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AT&S Austria Technologie & Systemtechnik AG / AGM/EGM/Share Buyback
03.07.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
The 14th General Assembly of AT&S Austria Technologie & Systemtechnik
Aktiengesellschaft (AT&S), held on 3 July 2008, decided to revoke the
authority granted to the Executive Board by resolution of the thirteenth
ordinary shareholders' meeting of 3 July 2007 under item 9 of the agenda
for a term of 18 months - to the extent the authority has not been
exercised so far - to repurchase and to use treasury stock.
At the same time the Executive Board has been authorised to, according to
Section 65 para 1 item 8 AktG, acquire treasury stock of the company of up
to 10% of the company's registered capital within 30 months of the
resolution. The purchase price must not be less than EUR 1.1 per no-par
value share to be acquired and not more than EUR 110.
Furthermore, the Executive Board has been authorised to cancel the treasury
stock acquired with no further resolution of the shareholders' meeting or
to use the same for implementation of the employee participation and/or
stock option plan of the company.
The Supervisory Board has been authorised to resolve on amendments to the
Articles of Association which result from the retirement of shares.
In its meeting of the same date, the Executive Board has decided to make
use of this authorisation and continue with the share buyback. Hence, AT&S
can buy back shares to an extent of up to 10% of the company's registered
capital within 30 months of the resolution. As of 30 June 2008 AT&S holds
2,577,412 treasury stock, i.e. 9.95% of the company's registered capital
and EUR 2,835,135.20 respectively.
The share repurchase will be carried out through Xetra in accordance with
Implementing Regulation (EC) 2273/2003.
Regular updates on the progress of the share repurchase scheme are posted
on the AT&S homepage www.ats.net (see under Investors).
Furthermore, the 14th General Assembly of AT&S authorised the Executive
Board pursuant to Section 65 (sixty-five) para 1 (one) b Austrian
Joint-Stock Companies Act [AktG] for a term of five years as of the
resolution, i.e. until 3 July 2013 (third of July two thousand and
thirteen) inclusive, with the consent of the Supervisory Board and without
further resolution of the shareholders' meeting to sell the acquired
treasury stock of the company, including in a way other than through the
stock exchange or a public offering, in particular as consideration for
convertible bonds or acquisition of enterprises, operations, divisions or
other assets or of interests in enterprises, operations and divisions and
in this connection to exclude, to the extent necessary, the pre-emptive
right of the shareholders as defined in Section 65 para 1b in conjunction
with Sections 169 to 171 AktG. Such authorisation may be exercised in
whole or in parts.
Furthermore the General Assembly decided a dividend of EUR 0.34 per share.
Ex-Day is 7 July 2008. The dividend will be paid on July 25.
This announcement fulfils Austrian notification requirements.
The results for the first quarter of AT&S will be published on 24 July
2008.
For more information please contact Hans Lang, IRO,
Tel. +43 (1) 68300 9259, e-mail: h.lang@ats.net,
or see www.ats.net.
03.07.2008 Financial News transmitted by DGAP
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Language: English
Issuer: AT&S Austria Technologie & Systemtechnik AG
Fabriksgasse 13
8700 Leoben
Österreich
Phone: +43 (1) 3842 200-0
Fax: +43 (1) 3842 200-216
E-mail: info@ats.net
Internet: www.ats.net
ISIN: AT0000969985
WKN: 922230
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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