SW Umwelttechnik Stoiser & Wolschner AG
Ad hoc-Service: SW Umwelttechnik share repurc
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Press release, 10 October 2000
SW Umwelttechnik to launch share repurchase scheme
Owing to current negotiations with potential acquisition
targets, the SW Umwelttechnik Management Board has decided to
exercise the authorization granted to it by the General Meeting
of May 2000 to repurchase shares.
In order to build up a war chest for acquisitions paid for with
SW Umwelttechnik stock, 43,000 shares (approx. 7% of the share
capital) are to be repurchased by May 2001, at prices ranging
between EUR 10 and EUR 80.
In connection with a share option scheme for members of the
Management Board and senior executives the company repurchased
12,000 shares (2% of the share capital) as cover for options in
1999.
SW Umwelttechnik plans to continue to expand rapidly in the
Central and East European (CEE) wastewater treatment markets
served by it. Turnover has already quadrupled in the past five
years. Using its strong organic growth as a platform, the
company intends to expand its market shares by way of
acquisitions, so as to profit from the vast investment needs of
CEE countries.
Contracts
Bernd Wolschner, member of the Management Board of SW Umwelttechnik
Tel: + 43 (0)7259 31 35 0; fax: + 43 (0)7259 3135 6
Christian Riel, Finance/Investor Relations
Tel: +43 (0)664 4337105; fax: + 43 (0)1 3688686
E-mail: christian.riel@sw-umwelttechnik.at
Website: www.sw-umwelttechnik.at
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