Neudörfl, 09.06.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.
HTP High Tech Plastics AG HTP High Tech Plastics AG announces sharebuy-back program
HTP High Tech Plastics AG, Neudörfl (Austria),June 9, 2004.
HTP High Tech Plastics AG?s 6th Annual General Meeting on May 26,2004 has taken the decision to authorise the Board to purchase ownshares up to 10% of the share capital for a period of 18 monthsstarting from the date of resolution.
Based on this authorisation, the Board has agreed upon a sharebuy-back program.It is intended to repurchase up to 200.000 bearer shares, whichcorresponds to 3.6 % of the company?s stock capital. The definedprice range is from EUR 3.00 to EUR 8.00. The share buy-back programstarts on June 11, 2004 and is going on until December 15, 2004.
Primarily, repurchased shares shall be used for the execution of theacquisition strategy as well as the coverage of existing and futureemployee profit sharing and stock option programs.
The repurchase is concluded from time to time, at the company?sdiscretion and without regard to the actual market situation. It maybe stopped definitely or temporarily without notification.
Before starting the mentioned share buy-back program, the company has272.946 own shares at its disposal. This corresponds to about 5% ofthe share capital.
The legally required disclosures in the context of the share buy-backprogram are provided in the "Wiener Zeitung" and in the German"Börsenzeitung". Modifications of the share buy-back program as wellas the disclosure of executed transaction will be published on HTPHigh Tech Plastics AG?s homepage http://www.htp.at.
Further inquiry note:HTP High Tech Plastics AGMag. Isolde KühhasTel.: 0664/3262647Fax: 02253/20167mailto:email@example.comTel: 02622/460-0FAX: 02622/460-1102Email: firstname.lastname@example.org
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WKN: 928963ISIN: AT0000764600Marktsegment: Prime Standard, official dealing FrankfurterWertpapierbörse; free trade Berliner Wertpapierbörse, BayerischeBörse, Hamburger Wertpapierbörse, Börse Düsseldorf,Baden-Württembergische Wertpapierbörse