STRABAG SE has agreed with the bidders – Haselsteiner Familien-Privatstiftung, RAIFFEISEN-HOLDING NIEDERÖSTERREICH-WIEN registrierte Genossenschaft mit beschränkter Haftung and UNIQA Österreich Versicherungen AG – of the published mandatory anticipatory offer (hereinafter referred to as the “offer”) to acquire, as own shares, up to 10,260,000 of the shares included in the offer, representing up to 10 % of the share capital, at the same price as the offer price (EUR 38,94). The bidders will acquire these shares in the course of the offer in trust for STRABAG SE.
Conditions of the share buyback:
Date of the resolution by the General Meeting authorising the purchase of own shares pursuant to Section 65 Para 1 No 8 of the Austrian Stock Corporation Act (AktG): | 24 June 2022 |
Date and publication of the resolution: | 24 June 2022 via an information dissemination system pursuant to Section 118 Para 1 No 9 in connection with Section 118 Para 1 No 22 and Section 119 Para 9 of the Austrian Stock Exchange Act (BörseG) 2018 in connection with Section 2 of the Disclosure and Reporting Regulation (Verbreitungs- und Meldeverordnung) 2018 |
Expected date of buyback:: | On or around the settlement date of the offer by Haselsteiner Familien-Privatstiftung, RAIFFEISEN-HOLDING NIEDERÖSTERREICH-WIEN registrierte Genossenschaft m.b.H. and UNIQA Österreich Versicherungen AG (the “bidders”) after expiry of the three-month additional acceptance period |
Stock class: | Ordinary shares (ISIN AT000000STR1) |
Volume: | Up to 10,260,000 shares, corresponding to up to 10 % of the share capital of the company |
Purchase price: | EUR 38,94, corresponding to the offer price of the bidders’ offer |
Type of buyback: | Over-the-counter acquisition of shares included in the offer by the bidders |
Purpose: | Purpose-free acquisition in accordance with the resolution passed by company’s General Meeting authorising the Management Board to buy back own shares (Section 65 Para 1 No 8 AktG) |
Impact on stock exchange listing of STRABAG shares: | None. It is pointed out that in case of a high acceptance rate of the bidders’ mandatory bid, the minimum free float required for an admission of the shares to official trading (Sections 38 et seq BörseG) might not be met. |