exclusion of the right to repurchase shares requires the approval of the Supervisory Board. The Management Board of the Company cannot make decisions on its own. As a result the interests of the existing shareholders are not exposed to any particular danger. The Management Board therefore concludes in summary that the proposed transfer of own shares to Beneficiaries, subject to a corresponding acceptance of the Share Offering, and excluding shareholders' repurchase rights complies with the statutory provisions. 4. Next Steps After expiry of a period of at least 14 days after publication of this report and at the earliest three stock exchange trading days after publication of the intended disposal of own shares, own shares of the Company may be sold under the conditions described above subject to corresponding declarations of acceptance by the Beneficiaries. Maria Enzersdorf, 17/5/2021 The Management Board of EVN AG Stefan Szyszkowitz Franz Mittermayer =---------------------------------------------------------------------------------------------------------------------- 2021-05-17 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de =---------------------------------------------------------------------------------------------------------------------- Language: English Company: EVN AG EVN Platz 2344 Maria Enzersdorf Austria Internet: www.evn.at End of News DGAP News Service =------------
1197317 2021-05-17
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(END) Dow Jones Newswires
May 17, 2021 12:03 ET (16:03 GMT)