2022 Share Buyback Program - Conclusion
Publication Pursuant to Section 7 para. 4 Austrian Publication Ordinance 2018 (Veröffentlichungsverordnung 2018)
Based on the authorization by the Annual General Meeting on July 7, 2021, the Management Board of voestalpine AG resolved on November 3, 2022, to buy back ordinary bearer shares of voestalpine AG starting on November 10, 2022, and likely ending on July 10, 2023 (the “Share Buyback Program”). The Share Buyback Program provided for an intended buyback of up to 10,000,000 ordinary bearer shares of voestalpine AG equating to roughly 5.6% of the company’s total share capital. The lowest consideration to be paid in connection with the buyback was not allowed to be more than 20% below, and the highest consideration to be paid in connection with the buyback was not allowed to be more than 10 % above, the average closing price of the shares on the three trading days prior to the acquisition of the shares. The share buyback was effected solely via the stock exchange and multilateral trading facilities.
The Management Board of voestalpine announces hereby that the Share Buyback Program was concluded as of July 10, 2023, as planned. In all, a total of 7,070,000 voestalpine AG shares were acquired through July 10, 2023.
Overview of the Results of the Treasury Share Buyback Program
|Share buyback volume:||Shares||7,070,000|
|Percentage of share capital:||%||3.96|
|Highest price per share purchased:||EUR||36.240|
|Lowest price per share purchased:||EUR||23.800|
|Total weighted average price of the shares bought back:||EUR||30.1428|
|Total value of the shares bought back:||EUR||213,109,896.81|
|End of the Treasury Share Buyback Program:||July 10, 2023|