The 47th ordinary Annual Meeting of Austrian Airlines AG held on 8 May 2002 authorised the Board of Management to carry out a buy-back of own shares up to five percent of the equity capital for a period of 18 months, for the purpose of granting future share options to employees, senior executives and members of the Board of Management at the company and affiliated companies.
The buy-back of a total of 1.7 million shares was concluded on 9 July 2002. The Chief Executive Officer of Austrian Airlines AG, Vagn Soerensen, declared himself satisfied with the rapid and smooth handling of the project. Details of the transaction are listed on the Investor Relations page at www.austrianairlines.com.
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