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  Disclosed inside information pursuant to article 17 Market Abuse Regulation 
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. 
  The issuer is responsible for the content of this announcement. 
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Annual & Special Corporate Meetings/Buybacks 
07.04.2021 
 
Bergheim - 
FN 33393 h, ISIN AT0000758305 
 
Publication of the resolution of the 33rd Annual General Meeting on April 7, 
2021 regarding the authorization to acquire treasury shares in accordance with 
Sec. 65 para. 1 sentence 8 as well as para. 1a and 1b of the Stock Corporation 
Act in conjunction with Sec. 82 para. 9 of the Austrian Stock Exchange Act and 
Sec. 3 para. 1 of the Austrian Publication Regulation 
 
The following resolution was adopted under item 8 of the agenda at the Annual 
General Meeting of PALFINGER AG in Lengau on April 7, 2021: 
 
a) In accordance with Sec. 65 para. 1 sentence 8 as well as para. 1a and 1b of 
the Austrian Stock Corporation Act, the Executive Board is authorized to acquire 
no-par value shares of the Company representing up to 10% of the share capital 
of the Company for a period of 30 months starting September 20, 2021, i.e. until 
March 19, 2024, both on and off the stock exchange, including from individual 
shareholders or a single shareholder, for a minimum consideration of EUR 10 (ten 
euros) per share and a maximum consideration of EUR 100 (one hundred euros) per 
share. Trading in treasury shares is excluded as a purpose for acquiring shares. 
The authorization may be exercised in whole or in part or in several 
installments and in pursuit of one or more purposes by the Company, by a 
subsidiary (Sec. 189a sentence 7 of the Business Code) or by third parties for 
the account of the Company. 
 
b) The Executive Board of PALFINGER AG may decide to acquire shares on the stock 
exchange, but the Supervisory Board must be informed of this decision after it 
has been taken. Off-market acquisition of shares is subject to the prior 
approval of the Supervisory Board. In the case of an off-market acquisition of 
shares, this can also be executed with the exclusion of the right to sell on a 
pro rata basis (reverse exclusion of subscription rights). 
 
c) The Executive Board is authorized for a period of five years from the date of 
the resolution in accordance with Sec. 65 para. 1b of the Stock Corporation Act, 
with the consent of the Supervisory Board, to provide for the sale or use of 
treasury shares other than selling them on the stock exchange or by public 
offer, while applying the provisions relating to the exclusion of shareholders' 
subscription rights, The authorization may be exercised in whole or in part or 
in several installments and in pursuit of one or more purposes by the Company, 
by a subsidiary (Sec. 189a sentence 7 of the Business Code) or by third parties 
for the account of the Company. 
 
d) The Executive Board is also authorized, with the consent of the Supervisory 
Board, to reduce the share capital, if necessary, by retiring these treasury 
shares without a further resolution by the Annual General Meeting in accordance 
with Sec. 65 para. 1 line 8 last sentence in conjunction with Sec. 122 of the 
Stock Corporation Act. The Supervisory Board is authorized to adopt amendments 
to the Articles of Association resulting from the retirement of shares. 
 
 
The Executive Board 
 
 
 
 
Further inquiry note: 
Hannes Roither | Group spokesman | PALFINGER AG 
T +43 662 2281-81100 | h.roither@palfinger.com 
 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

April 07, 2021 06:26 ET (10:26 GMT)