EANS-Adhoc: Publication of the resolution by the Executive Board to make use of a buy-back authorization EAE

Thursday, 02. December 2021 17:47
--------------------------------------------------------------------------------
  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------

Buybacks
02.12.2021

Graz -

* Date of the authorization resolution by the Annual General Meeting: March 24,
  2021

* Date and form of publication of the authorization resolution: March 24, 2021
  via euro adhoc and on the company's website andritz.com [http://
  www.andritz.com].

* Start and expected duration of the buy-back program: December 13, 2021 to
  February 6, 2022 (= start of blackout period for the results of the business
  year 2021)

* Type of shares to which the buy-back program refers: ANDRITZ AG no-par value
  shares issued to bearers.

* Intended volume (number of shares) of the buy-back program: Up to 1,000,000
  company shares (ISIN AT0000730007) issued to bearers, which is equal to 0.96
  percent of the company´s voting share capital.

* Lowest amount: proportional amount of the capital stock per share. Highest
  amount: The highest amount per share must not exceed 10 percent of the
  average, unweighted closing price on the preceding 10 trading days.

* Form and purpose of buying back treasury shares, in particular whether the
  buy-back is to be conducted through and/or outside the stock exchange, whether
  a takeover bid will be made during the buy-back, whether the shares are to be
  retired or sold again if need be, or whether they are to be used for the
  purposes of an employee participation program: The buy-back of ANDRITZ shares
  under the buy-back program will be conducted through the Vienna Stock
  Exchange. No takeover bid will be submitted on the occasion of the buy-back.
  The purpose of the buy-back is to use treasury shares for purposes pursuant to
  the authorization resolution by the Annual General Meeting on March 24, 2021,
  in particular the improvement of supply and demand for the ANDRITZ share on
  the Vienna Stock Exchange, however excluding trading of treasury shares for
  the purpose of profit-making. No shares will be retired on the occasion of the
  buy-back program. The company reserves the right to also use the purchased
  treasury shares for the purposes of a stock option program for employees,
  senior executives, and members of the Executive or Supervisory Boards of the
  company or one of its associated companies if necessary; in this case, the
  issuer will disclose the number and distribution of the stock options to be
  granted without delay, pursuant to § 6(1), Austrian Publication Ordinance.

In addition, the company reserves the right to use purchased treasury shares
  as consideration in the acquisition of companies, businesses, business units,
  or shares in companies. The company reserves the right to sell purchased
  treasury shares again through the Vienna Stock Exchange.

* Possible effects of the buy-back program on the listing of the issuing
  company: None
* Number of options to be granted or already granted and distribution over
  employees, senior executives and individual members of the company's boards or
  of the boards of its associated companies stating the respective number of
  shares available for subscription in each case if the issuing company intends
  granting or has already granted stock options within the time period pursuant
  to § 65(1), line 8, of the Austrian Corporation Act:

102 company executives in the ANDRITZ GROUP were allocated a total of 975,000
  stock options for the stock option program approved by the Annual General
  Meeting on March 23, 2018. Currently 97 company executives with a total of
  909,000 stock options (thereof 150,000 for executive board members, the
  remaining for senior executives) still participate in this stock option
  program. The number of shares allocated per eligible senior executive amounts
  to up to 20,000, depending on the area of responsibility, and for each
  Executive Board member 37,500. Each stock option entitles the holder to the
  purchase of one share.

122 company executives in the ANDRITZ GROUP were allocated a total of 935,000
  stock options for the stock option program approved by the Annual General
  Meeting on July 7, 2020 (thereof 187,500 for executive board members, the
  remaining for senior and young executives). The number of shares allocated per
  eligible senior executive amounts to up to 20,000, depending on the area of
  responsibility, and for each Executive Board member 37,500. Since allocation
  of these options, neither the number of senior executives participating in
  this stock option program nor the the total amount of granted options have
  changed. Each stock option entitles the holder to the purchase of one share.

In the event of purchased treasury shares being issued, the issuing company will
disclose the extent of the stock options without delay pursuant to § 6(1) of the
Austrian Publication Ordinance.

* The publication of (i) changes to this bay-back program and (ii) the
  transactions conducted will be made public exclusively through the ANDRITZ AG
  web site andritz.com [http://www.andritz.com].

Further inquiry note:
Dr. Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

end of announcement                         euro adhoc
--------------------------------------------------------------------------------

issuer:       Andritz AG
              Stattegger Straße 18
              A-8045 Graz
phone:        +43 (0)316 6902-0
FAX:          +43 (0)316 6902-415
mail:         welcome@andritz.com
WWW:          www.andritz.com
ISIN:         AT0000730007
indexes:      ATX, WBI
stockmarkets: Wien
language:     English

EAX0005    2021-12-02/17:47

Related Links: Andritz AG
Author:
Ad-hoc-Mitteilung übermittelt durch euro adhoc.
Für den Inhalt ist der Emittent verantwortlich.