17.06.2003 |
On 3rd June 2003 the management board of UNIQA Versicherungen AG based in Vienna ("UNIQA" or "the company") agreed to use the authorisation to repurchase shares in line with the decision of the company's fourth Ordinary General Meeting. According to which the management board is authorised to purchase up to 11,977.780 notional no-par shares made out to the bearer. After considering other own shares already purchased by the company and still in its possession, the purchase represents a maximum proportion of 10% of the company's share capital.
The authorisation of the 4th Annual General Meeting is a renewal of the authorisations issued by UNIQA's first and second Annual General Meetings dating 20th June 2000 and 25th June 2001.
The supervisory board's working committee set up by the same agreed to the management board's decision on 12th June 2003.
With this present publication we publicise the intended repurchase of UNIQA's own shares and the repurchase programme in line with Section 4 of the Publication Regulations (BGBl II 2002/112) based on the decision of UNIQA's management board dated 3rd June 2003 and the agreement of the UNIQA supervisory board's working committee dated 12th June 2003.
Changes to the repurchase programme (refer to Section 6 of the Publication Regulations) and the publication of the transactions carried out as part of the repurchase programme or sale of own shares (refer to Section 7 of the Publication Regulations) will be published on the Internet at UNIQA's home page www.uniqagroup.com under "Share repurchase programme". All the details of the repurchase programmes completed to date and a re-sale program are found on UNIQA's homepage.
This current publication is not an offer to purchase UNIQA shares and does not form the basis of any obligation by the company to accept offers to repurchase UNIQA shares.
Date of authorisation decision by the Annual General Meeting as per Section 65 Sub-section 1 No 8 and Sub-section 1a and 1b of the Austrian Stock Corporation Act (AktG): 19th May 2003
- Date and type of publication of the decision by the Annual General Meeting: 19th May 2003 as per Section 82 Sub-section 8 of the Austrian Stock Market Law (BörseG) on the UNIQA homepage (www.uniqagroup.com)
- Start date and expected term of the repurchase programme: 23th June 2003 to expected 20th December 2004
- Type of shares to which the repurchase programme applies: UNIQA notional no-par shares made out to the bearer (common share type)
- Intended volume (number) of repurchased own shares, especially the proportion of total share capital to be repurchased: After considering other own shares already purchased by the company and still in its possession, a maximum of 11,977.780 notional no-par shares made out to the bearer or 10% of the UNIQA's share capital.
- Highest and lowest equivalent value per share: The equivalent value per share may not exceed or fall below the weighted average of the final prices for UNIQA shares on the Vienna Stock Market on the three stock market days directly prior to the repurchase by more than 20%, in absolute terms not less than EUR 5.00 and not more than EUR 11.00.
- Type and purpose of share repurchase, especially whether the repurchase will occur via the stock market and/or outside of the stock market, whether the repurchase will involve a takeover offer, whether the shares will be withdrawn or may be resold and whether they are to be used for the purpose of an employee shareholding scheme: The repurchase of UNIQA shares from this repurchase programme will take place via the Vienna Stock Market. No takeover offer will be submitted for the repurchase. The purpose of the repurchase is to improve the supply and demand for UNIQA's shares on the Vienna Stock Market whereby the trade in own shares as a pecuniary reward is excluded. No withdrawal of shares will take place as a result of this repurchase programme. UNIQA intends to re-sell the purchased shares. UNIQA does not intend to trade in its own shares. UNIQA reserves the right, if necessary, to use our own purchased shares to implement an employee shareholding scheme program.
- Any effect of the repurchase programme on the issuer's official listing: none.
- Scope of the currently issued or planned share options that are contained in stock option plans for the issuer's senior managers, management or supervisory board members: There are no current share options issued or planned that are contained in stock option plans for the issuer's senior managers, management or supervisory board members. The issuer reserves the right to use the repurchased own shares if necessary for the purposes of an employee shareholding programme and if required to issue share options to members of the management board and/or senior managers; if the issuer does so it will publicise the scope of the share options as per Section 6 Sub-section 1 of the Publication Regulations without delay.
Vienna, 17. June 2003