i. Share Capital
Only ordinary shares exist and all shares are issued and have the same rights.
The share capital of Andritz AG amounts to EUR 94,510,000 divided into 13,000,000 shares of no par value.
Based on authorizations of the shareholders’ meetings, held on 30 March 2004 and 30 March 2005, and with approval from the Supervisory Board, the Managing Board has decided a program for acquisition of own shares up to 1,300,000 shares between 5 April 2004 and 29 September 2005 and a further program for acquisition of own shares up to 1,300,000 shares between 1 October 2005 and 31 March 2007. The price range of both programs is a lowest price of 10 Euros and a highest price, which must not exceed the average unweighted closing price over the ten preceding trading days by more than 30%. In 2005, 210,711 own shares were acquired at an average price of 65.21 Euros per share and 22,250 own shares were resold at a price of 21 Euros per share to eligible executives of the Management Share Option Plan. 3,699 own shares were transferred to employees of Andritz AG in the course of an employee participation program. In 2006, 44,361 own shares were acquired at an average price of 120.82 Euros per share. 154,500 own shares were resold at a price of 37.53 Euros per share to eligible executives of the Management Share Option Plan and 2,104 own shares were transferred to employees of Andritz AG in the course of an employee participation program. In addition 4,000 own shares were sold at the Vienna Stock Exchange for an average price of 162.40 Euros per share. At December 31, 2006 the Company held 108,959 own shares at a market value of EUR 17,902 thousand. It is planned to use these shares for delivery of shares within the framework of the Management Share Option Plan.
