Annual General Shareholders’ Meeting of voestalpine AG resolves dividend and approves repurchase of shares

3 July 2013 |

At the 21st Annual General Shareholder’s Meeting of voestalpine AG today, Wednesday, July 3, 2013, a dividend of EUR 0.90 per dividend-bearing share was approved for the business year 2012/13. The shareholders acted on the relevant recommendation by the Management Board and the Supervisory Board. The dividend shall be paid out starting on July 15.

Dividend of EUR 0.90 per share for the business year 2012/13
Management Board is authorized to repurchase voestalpine’s own shares
Articles of Incorporation to be amended

Furthermore the Annual General Meeting authorized the Management Board to repurchase voestalpine’s own shares representing no more than 10 percent of the share capital of voestalpine AG. This is a renewal of the authorization to repurchase the company’s own shares that was issued in 2010 to be used specifically, but not exclusively for the expansion of the employee shareholding scheme or to service stock option programs or convertible bonds. The authorization to repurchase voestalpine’s own shares is valid for 30 months. In this context, the Management Board of voestalpine AG was also authorized to redeem the company’s own shares up to a maximum of 10 percent of the share capital of voestalpine AG, thus reducing the share capital by the same percentage.

Additionally, the Annual General Meeting adopted a resolution to amend the Articles of Incorporation, mainly in order to adapt them to changes in legislation, particularly the Austrian Stock Corporation Amendment Act 2011.

The voestalpine Group

The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With 500 Group companies and locations in more than 50 countries and on all five continents, the Group has been listed on the Vienna Stock Exchange since 1995. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide. The voestalpine Group is also the world market leader in turnout technology, special rails, tool steel, and special sections. In the business year 2012/13, the voestalpine Group reported revenue of more than EUR 11.5 billion and an operating result (EBITDA) of EUR 1.45 billion. It staffs roughly 46,400 employees worldwide.