EVN AG: EVN plans to release treasury shares to employees
May 29, 2019 at 09:25 pm IST
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DGAP-News: EVN AG / Key word(s): Corporate Action
EVN AG: EVN plans to release treasury shares to employees
29.05.2019 / 17:52
The issuer is solely responsible for the content of this announcement.
On 29 May 2019 the Executive Board of EVN AG approved the distribution of up to 188,000 treasury shares to employees of the company and certain subsidiaries during the third calendar quarter of 2019. These shares will be granted to employees who are entitled by a company agreement to receive a special payment and who make use of this benefit. EVN AG does not have a stock option programme at the present time.
The treasury shares to be transferred to employees represent ordinary zero-par value bearer shares of EVN AG. The transfer of these treasury shares to employees will have no effect on the listing of the issuer's shares.
Based on previous share buyback programmes, EVN currently holds 1,883,824 treasury shares which represent 1.05% of share capital.
29.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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EVN AG specializes in the production and distribution of electricity and natural gas. Net sales break down by activity as follows:
- production and distribution of electricity and gas (80.1%): electricity (18,153 GWh sold in 2022/23), natural gas (4,291 GWh sold) and heat (2,272 GWh sold);
- environmental services (13.9%): drinking water distribution and wastewater treatment services, facility design and construction, industrial waste collection and treatment, etc.;
- other (6%).