|Conditions relating to the sale of own (treasury) shares
|Day resolution was adopted:
|September 17, 2015
|Day and method of publication of the resolution:
|The adopted resolution was published on September 17, 2015 pursuant to § 82 Para. 8 in connection with § 82 Para. 9 Austrian Stock Exchange Act.
|Begin and expected duration:
|The sale is to take place on January 22, 2016.
|Class of shares:
|Ordinary bearer shares of Wolford Aktiengesellschaft (ISIN AT0000834007).
|11,860 shares (on the basis of the share capital of Wolford Aktiengesellschaft amounting to EUR 36,350,000,-, divided into 5,000,000 shares with a proportionate value of EUR 7.27 per share, this corresponds to 0.24% of all shares of Wolford Aktiengesellschaft or 0.24% of the share capital of Wolford Aktiengesellschaft).
|About EUR 21.08 per share (or a total of EUR 250,000 for the total of 11,860 shares).
|Method of sale:
|The sale of own shares takes place in accordance with the Long Term Incentive Program of Wolford Aktiengesellschaft, in line with the resolution passed by the Supervisory Board of Wolford Aktiengesellschaft on January 18, 2016 in accordance with the Report of the Supervisory Board published on September 17, 2015 pursuant to § 95 Para. 6 Austrian Stock Corporation Act in connection with § 159 Para. 2 N 3 Austrian Stock Corporation Act.
The sale is for the purpose of enabling the stipulated personal investment in shares of Wolford Aktiengesellschaft totaling EUR 250,000 on the part of the Management Board members participating in the Long Term Incentive Program.
|Effect of the repurchase on the stock market listing:
|Wolford Aktiengesellschaft does not expect any consequences of the sale of its own shares on its listing on the Official Market of the Vienna Stock Exchange.
|Number and allocation of the share options:
|There is no granting or issuing of (own) shares of Wolford Aktiengesellschaft for the members of the Management Board within the context of the Long Term Incentive Program.
The Long Term Incentive Program stipulates a monetary bonus for the members of the Management Board for the 2015/2016, 2016/2017 and 2017/2018 financial years in the form of stock appreciation rights. The stock appreciation rights are entitlements to the increases in the share value. On balance, the two Management Board members participating in the Long Term Incentive Program have been allocated a total of 213,333 stock appreciation rights.