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Polytec: CEO Reduces own Shares

Published: January 29, 2011; 00:03 · (Vindobona)

Polytec´s CEO Friedrich Huemer reduced stake for a partial refinancing of the buyback of properties.

Polytec: CEO Reduces own Shares / Picture: © Reuters

Polytec Holding has been informed by CEO Friedrich Huemer, that his stake in Polytec Holding AG was reduced by 4.2% to a total of 26.64%. Huemer went below the notification threshold of 30%.

Due to the positive earnings development, the group was recently able to pay back a restructuring loan (see press release from Jan. 20, 2011). Parallel to that, end of last year, Friedrich…

This article includes a total of 200 words.

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