Publication pursuant to secs. 4 and 5 of the Austrian Publication Regulation of 2002
Resolution of the Management Board of PALFINGER AG on the sale of treasury stock
Today, the Management Board of PALFINGER AG decided to sell the treasury stock held by PALFINGER AG.
PALFINGER AG’s current holdings of treasury stock amount to 282,756 shares. The stock option programmes decided upon at the Annual General Meetings in 2009 and 2010 have expired; in the past it was not possible to use treasury stock for acquisitions. Therefore, the Management Board has decided to sell the Company’s treasury stock on the stock exchange via an independent banking partner.
Details of the sale
| Authorization resolution by the AGM: | Not applicable |
| Publication of the authorization resolution by the AGM: | Not applicable |
| Start and probable duration: | 10 February 2016 to 31 December 2016 |
| Class of shares: | No-par-value bearer shares |
| Volume: | Up to 282,756 shares; this represents around 0.8 per cent of the share capital |
| Consideration: | At least EUR 27.00, not more than EUR 50.00 per share |
| Type and purpose of the sale: | The shares will be sold via the stock exchange. As the treasury stock was not used as intended, the shares are to be held in free float again. |
| Effects: | The sale will have no effect on the shares’ admission to stock exchange trading. All shares of PALFINGER AG are stock exchange listed. |
| Stock options: | At the moment, the Company has not set up any ongoing stock option programmes. |
Any changes to the details disclosed herein as well as the transactions carried out in the course of the sales process will be published exclusively on the Company’s website at www.palfinger.ag/en/investor-relations.
ABOUT PALFINGER AG
PALFINGER is an international technology and mechanical engineering company and the world’s leading producer and provider of innovative crane and lifting solutions. With around 12,350 employees (not including contract workers), 30 manufacturing sites and a worldwide, comprehensive sales and service network, PALFINGER meets the challenges of its customers and creates added value. PALFINGER consistently continues on its path as a provider of innovative, smart complete solutions that deliver increased efficiency and better usability, while leveraging the potential of digitalization along the entire production and value chain.
PALFINGER AG has been listed on the Vienna stock exchange since 1999, and in 2024 achieved revenue of EUR 2.36 billion.
For further information please contact:
Hannes Roither | Group Spokesperson | PALFINGER AG
T +43 662 2281-81100 | h.roither@palfinger.com
Texts and accompanying images are available in the “News” section of www.palfinger.ag, www.palfinger.com.