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DGAP-News News vom 13.05.2016

EVN AG: EVN plans to release treasury shares to employees
DGAP-News: EVN AG / Key word(s): Corporate Action
2016-05-13 / 16:00
The issuer is solely responsible for the content of this announcement.


The Annual General Meetings of EVN AG on 17 January 2008, 19 January 2012, 16 January 2014 and, most recently, on 21 January 2016 authorised the Executive Board to repurchase the company's shares up to a maximum of 10% of the share capital of EVN AG commencing on the date the respective resolutions were adopted. Based on these authorisations, the Executive Board purchased 2,169,119 EVN shares, which correspond to 1.2% of share capital and are available to the company as of 13 May 2016.
On 13 May 2016 the Executive Board of EVN AG approved the reclassification of a maximum of 306,000 treasury shares for transfer to employees of the company and specified subsidiaries during the third calendar quarter of 2016. These shares will be issued to employees who are entitled by a company agreement to a special payment and have selected this alternative. They will also be issued to a circle of employees from the power plant business as a one-off payment for special services provided in connection with network stabilisation and supply security. EVN AG does not have a stock option programme at the present time.

The treasury shares to be transferred to employees represent ordinary zero-par value bearer shares of EVN AG. The transfer of these treasury shares to employees will have no effect on the listing of the issuer's shares.

EVN AG intends to fulfil the disclosure requirements defined in §§ 6 and 7 of the Austrian Disclosure Regulation 2002 by publishing the information on its website www.investor.evn.at.




2016-05-13 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English Company: EVN AG EVN Platz 2344 Maria Enzersdorf Austria Phone: +43-2236-200-12294 Fax: +43-2236-200-82294 E-mail: info@evn.at Internet: www.evn.at ISIN: AT0000741053 WKN: 074105 Indices: ATX Listed: Foreign Exchange(s) Wien (Amtlicher Handel / Official Market)    
   
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