Vienna - The buyback programme of PORR AG comprises shares up to a maximum of 2% of the share capital (785,565 shares).

This step will enable the development of an ambitious Long-Term Incentive Plan (LTIP) at PORR, which is intended to strengthen the management's entrepreneurial commitment and tie it more closely to the goals of the shareholders.

Involving executives in the Company's success is essential,'' says PORR CEO Karl-Heinz Strauss. 'With a long-term stock option programme we can promote the stock market culture and turn managers into entrepreneurs.'

Based on the authorisation resolution granted by the 142nd Annual General Meeting of 17 June 2022, the Management Board of PORR AG ('PORR' or the 'Company') has today passed a resolution to carry out a share buyback programme for the purpose of acquiring shares for no specific use (zweckfreier Erwerb) in accordance with section 65 para 1 (8) of the Austrian Stock Corporation Act (Aktiengesetz, 'AktG'), probably in the period from 7 October 2022 (inclusive) to 30 June 2023. In this context, own shares of PORR AG shall be bought back up to a maximum of 785,565 shares or up to 2% of the share capital of the Company at a price between EUR 1.00 and a maximum of 10% above the average, unweighted stock exchange closing price of the ten trading days preceding the buyback. The maximum purchase price for shares under the share buyback program is EUR 10 million.

Buyback via Vienna Stock Exchange

The buyback shall take place exclusively on the Vienna Stock Exchange as well as via multilateral trading systems and shall be used for any purpose permitted under section 65 para 1 (8) AktG - also for the purpose of fulfilling possible future employee participation programmes (Mitarbeiterbeteiligungsprogramme) of PORR. The buyback will have no effect on the stock exchange listing of the shares of PORR AG.

A credit institution was mandated to execute the share buyback. The credit institution has to take its decision on the timing of the buyback of Company shares independently of and not influenced by PORR AG and comply with the conditions for trading (Handelsbedingungen) set out in Article 3 of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016.

PORR AG hereby notifies pursuant to section 5 para 4 of the Austrian Publication Regulation 2018 (Veroffentlichungsverordnung; 'VVO') that the details to be published pursuant to section 7 VVO regarding the transactions carried out within the scope of this buyback programme as well as any amendments to the buyback programme to be published pursuant to section 6 VVO will be published on the website of PORR AG (www.porr-group.com) under the section 'Investor Relations' (https://porr-group.com/investor-relations/porr-aktie/corporate-actions).

Contact:

Karl-Heinz Strauss

Tel: +43 50 626 1001

Email: comms@porr-group.com

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