Authorisations

Authorisation to repurchase own shares

The AGM 23 March 2016 authorised the Board of Directors to decide on the repurchase of and/or accepting as pledge a maximum of 5,000,000 free shares and 1,250,000 restricted shares. The authorisation will be valid until 30 April 2017.

Authorisation to issue shares

The AGM 23 March 2016 authorised the Board of Directors to decide on the share issues (1) by disposing of all of the company shares and any potentially repurchased own shares, a maximum total of 14,200,000 shares, 1,460,000 of which can be restricted shares at the maximum, and (2) by issuing a maximum of 20,000,000 new free shares against payment. The share issue authorisations will be valid until 23 March 2021 at the latest.