Ad hoc announcement

EVN AG / Keyword(s): Share Buyback/Weiteres Schlagwort

EVN AG: Change in the current share buyback programme of EVN AG

Ad hoc announcement transmitted by DGAP – a service of EQS Group AG. The
issuer is solely responsible for the content of this announcement.
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On 30 September 2014, the Executive Board of EVN AG announced the purchase
of additional shares of the company's stock within the framework of the
authorisation granted by the 85th Annual General Meeting of EVN AG on 16
January 2014. This share buyback programme has been in progress since 22
January 2014 and will now be extended to cover up to an additional
1,000,000 shares, which represent up to 0.556 % of the current share
capital of EVN AG. The Executive Board of EVN AG also announced that the
current share buyback programme will presumably be extended to 30 June
2015.

The share buyback programme led to the repurchase of 117,500 treasury
shares from its beginning on 22 January 2014 up to and including 30
September 2014.

The share buyback programme is intended to improve supply and demand for
the EVN share on the Vienna Stock Exchange, since the company considers the
share to be undervalued. It should be noted that the purchase of treasury
shares for trading purposes is excluded.

Information on the share buyback programme in accordance with § 5 para. 2
in connection with § 6 of the Austrian Publication Ordinance of 2002 is
provided below:

Applicable conditions since 22 January 2014

1. The date of the authorising resolution passed by the Annual
   General Meeting pursuant to § 65 para. 1 no. 4 and 8 of the Austrian
   Stock Corporation Act was 16 January 2014.
2. The date of publication of the Annual General Meeting resolution on the
   share buyback pursuant to § 82 para. 8 of the Austrian Stock Exchange
   Act was 16 January 2014. 
3. The share buyback programme began on 22 January 2014; expected duration
   up to 30 September 2014.
4. The share buyback programme involves zero par value bearer common
   shares of EVN AG. 
5. Plans call for the repurchase of up to 1,000,000 shares - this
   represents up to 0.556% of current share capital.
6. In accordance with the resolution of the Annual General Meeting, the
   repurchase may only be made in exchange for compensation at a maximum
   of 20% under and a maximum of 10% over the price on the Vienna Stock  
   Exchange on the market day preceding the repurchase.
7. The treasury shares will be repurchased over the Vienna Stock Exchange.
   The purpose of the share buyback programme is to improve the supply and
   demand for the EVN AG share on the Vienna Stock Exchange, since the
   company considers the share to be undervalued. The purchase of treasury
   shares for trading purposes is excluded. 
8. The share buyback programme has no effect on the admission of the 
   issuer's shares for stock exchange trading. 
9. EVN AG has no stock option programme at the present time.

Amended conditions as of 30 September 2014

To 3.: Continuation of the share buyback programme as of 6 October 2014;
       expected duration up to 30 June 2015.
To 5.: The planned volume of the buyback equals a maximum of 1,000,000
       shares - this represents up to 0.556% of current share capital.


EVN AG will meet the disclosure requirements defined in §§ 6 and 7 of the
Austrian Publication Ordinance of 2002 through the publication of
information in the Internet under: www.investor.evn.at.

Maria Enzersdorf, 30 September 2014




LEGAL NOTICE
THIS AD-HOC ANNOUNCEMENT CONSTITUTES NEITHER AN OFFER TO SELL NOR A
SOLICITATION TO BUY ANY SECURITIES OF EVN AG.

THIS AD-HOC ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR
DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA AND MUST NOT BE
DISTRIBUTED TO U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED ("SECURITIES ACT")) OR TO PUBLICATIONS
WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS AD-HOC ANNOUNCEMENT
DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO
PURCHASE ANY SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN
AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED,
SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT
REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT.


30.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      EVN AG
              EVN Platz
              2344 Maria Enzersdorf
              Austria
Phone:        +43-2236-200-12294
Fax:          +43-2236-200-82294
E-mail:       info@evn.at
Internet:     www.evn.at
ISIN:         AT0000741053
WKN:          074105
Indices:      ATX
Listed:       Wien (Amtlicher Handel / Official Market)
 
End of Announcement                             DGAP News-Service
 
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