VA Technologie AG
VA Technologie AG english
VA TECH Annual General Meeting approves dividend of EUR 0.5 per share
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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VA TECH Annual General Meeting approves dividend of EUR 0.5 per share
– stock option plan for 200 key employees
– Rainer Wieltsch elected to the supervisory board
The Annual General Meeting of the listed VA Technologie AG (VA TECH) held in
Linz on April 17, 2002, approved a dividend payment of EUR 0.50 per share for
2001. The dividend payout will start on April 26, 2002.
The AGM approved an “authorized but unissued” capital increase in the amount of
10% of the total share capital as well as the repurchase of shares in order to
carry out a stock option plan directed at about 200 key employees of the group.
The plan can be exercised in five consecutive annual allotments. The amount to
be issued in 2002 is limited at 3.9% of the share capital. This maximum amount
can be exercised after a waiting period of two years on the condition that the
VA TECH share price rises by 25% compared to the average price of quarters
4/2001 and 1/2002 (EUR 25.46)
With the proposed stock option programme, VA TECH continues and extends the EVA
(economic value added)-based mangement and compensation system introduced in
2001 and supports the development of “co-workers” into “co-owners.”
The Executive Board was authorized to amend the stock option plan for group
employees submitted to the AGM in 1999, in particular with regard to the
exercise price. Details will be fixed with the approval of the Supervisory
Board.
Gerhard Randa resigned from the Supervisory Board effective April 17, 2002. To
replace him, Rainer Wieltsch was elected to the Supervisory Board. Mr. Wieltsch
will be an Executive Board member of ÖIAG starting on May 01, 2002
end of ad-hoc-announcement (c)DGAP 17.04.2002
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WKN: 093745; ISIN: AT0000937453; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg,
München, Stuttgart
171421 Apr 02
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