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HOCHTIEF is an engineering-led global infrastructure solutions provider with leading positions in North America, Australia and Europe and a rapidly expanding presence in high-tech, energy transition and sustainable infrastructure markets.
About HOCHTIEF
HOCHTIEF Group is a global, integrated, and diverse organisation that develops, invests in, designs, constructs, and operates projects in advanced technology, energy transition, sustainable mobility, critical minerals, natural resources, social infrastructure, and large-scale civil engineering.

Essen, 20. September 2016

HOCHTIEF redeems 7.2% of its shares held as treasury stock

The Executive Board of HOCHTIEF Aktiengesellschaft has passed a resolution to retire 5,009,434 shares of treasury stock currently held. This corresponds to 7.2% of HOCHTIEF’s share capital. The Supervisory Board approved the proposal today.

The Group had acquired these shares between October 2014 and March 2016 for a total purchase price of approximately EUR 368 million (EUR 73.4 per share) based on Annual General Meeting-authorization. Following the share cancellation, the Company’s capital stock is now represented by 64.3 million shares versus previously 69.3 million.

“This share redemption creates value for all HOCHTIEF shareholders,” said Chairman of the Executive Board Marcelino Fernández Verdes. The free float is increasing to 28.2% versus 26.2%. HOCHTIEF shareholder ACS (Actividades de Construcción y Servicios, S.A.) now holds 71.7% of all shares (66.5% before share redemption).

The Annual General Meeting of May 11, 2016 also authorized the Company to repurchase shares in the amount of up to 10% of the Company’s capital stock until May 10, 2021. The Company has so far made no use of this right.

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