PORR AG to Initiate Own Share Buyback Programme
Construction company PORR AG will commence a share buyback programme, acquiring up to 1% of its share capital between October 2026 and March 2027. The programme is authorized by the general meeting.
Austrian construction firm PORR AG has announced the resolution to commence a share buyback programme. This decision follows an authorization granted by the company's Annual General Meeting on April 28, 2026.
The buyback is scheduled to take place from approximately October 14, 2026, through March 31, 2027. During this period, PORR AG intends to acquire up to 392,782 of its own shares, representing a maximum of 1% of the company's share capital. The acquisition price per share will range from EUR 1.00 to a maximum of 10% above the average unweighted closing price of the ten trading days preceding the buyback. The repurchases will be conducted on the Vienna Stock Exchange and other multilateral trading facilities.
The company stated that the purpose of the programme is for general acquisition, including the potential implementation of future employee stock option schemes. The share buyback is not expected to affect the stock exchange listing of PORR AG shares. A credit institution has been mandated to execute the buyback.