OMV Aktiengesellschaft has announced a limited share repurchase program to support its internal remuneration plans. The company’s Executive Board approved the move based on authorization from the General Meeting held on May 27, 2025, pending approval from the Supervisory Board.
The repurchase program will cover up to 1,000,000 shares, which represents about 0.31% of OMV’s total share capital. The buyback will be conducted exclusively through the Vienna Stock Exchange and is intended to meet obligations under OMV’s share transfer programs such as Long Term Incentive Plans and Annual Bonus (Equity Deferrals). Currently, OMV holds 271,670 of its own shares.
The program is scheduled to begin on November 3, 2025, and end by December 12, 2025 at the latest. Only no-par value bearer shares (ISIN: AT0000743059) are included in this initiative. OMV clarified that it would not hold more than 1,300,000 treasury shares at any time during the process.
The minimum price per share may be up to 30% below the average closing price over the previous ten trading days before each purchase; the maximum price may be up to 20% above that average. The total financial allocation for this program is capped at EUR 60 million.
A credit institution will manage the repurchase independently of OMV and in compliance with EU regulations regarding trading conditions. The company stated that “the repurchase programme does not have any effect on the stock exchange listing of OMV’s shares.”
There are currently no stock option programs at OMV; instead, employees and executives participate in other ownership plans such as Long Term Incentive Plans and equity deferrals.
Implementation of this buyback plan remains subject to final approval by OMV’s Supervisory Board. According to disclosure requirements under EU law and Austrian regulations, details of executed transactions or changes to the program will be published through electronic information systems covering at least the European Union as well as on OMV’s website.
“This announcement serves at the same time as announcement pursuant to Sections 4 and 5 of the Austrian Publication Regulation 2018. It does, in particular, not constitute a public offer to acquire shares of OMV and does not obligate OMV to accept offers of OMV shares for repurchase,” according to an official statement from OMV.
OMV is working towards becoming an integrated sustainable chemicals, fuels and energy company focused on circular economy solutions with a goal of achieving net zero emissions by 2050. In 2024, it reported revenues of EUR 34 billion with around 23,600 employees worldwide.
