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[November 2001]
Wienerberger Successfully Concludes Stock Buy-Back
Wienerberger AA announced on 5 November 2001 that it had successfully concluded its stock buy-back programme together with Deutsche Bank and Bank Austria Creditanstalt. A total of 4,176,339 shares, or 6% of share capital, were repurchased from 1 October to 31 October over the Vienna Stock Exchange at an average price of 16.09 euros. Wienerberger invested capital of 67.2 million euros in this programme.
These shares will be withdrawn from circulation to improve the Group's financial structure and cost of capital. Gearing will therefore rise slightly to approximately 60%. The high cash flows from operating activities allow Wienerberger to increase indebtedness up to 100% without risk.
ENDS