28.11.2011

Palfinger in stock buy back

Austrian based loader crane and aerial lift manufacturer Palfinger is to acquire up to nine percent of its publicly traded shares over the next three years.

The management was authorised to buy back up to 10 percent of its own shares at an Extraordinary General Meeting on November third. It has now decided to exercise the option starting December first and running through May 2nd 2014.

The company will buy its shares as long as they remain within the band of one euro and €12.30 to a maximum value of €10 million. The shares are currently trading at €12.85.