Andritz AG Launches New Share Buyback Program

Andritz AG has announced the commencement of a new share buyback program. The company plans to repurchase up to 2,080,000 shares, which corresponds to approximately 2.00% of Andritz AG's share capital. This buyback is based on the authorization from the 116th Annual General Meeting held on 29 March 2023.

The repurchase will be executed via the Stock Exchange, including multilateral trading systems. A credit institution will be mandated to carry out the share buyback independently, adhering to the relevant regulations. The buyback window is set to run from 5 August 2024 to 31 January 2025.

The maximum budget for this program is EUR 128,333,920.00. The maximum share price is capped at EUR 61.699, with a minimum price set at 1 EUR per share. The primary purpose is to use the shares for future stock option programs and other authorized activities.

No impact on the company's stock listing is expected. Currently, Andritz AG has granted a total of 1,126,000 stock options to its executives, employees, and board members. Detailed updates on the buyback program will be available on Andritz AG's website.