EQS-Ad-hoc: Kontron AG / Key word(s): Share Buyback
ADHOC Kontron AG / Kontron AG resolves on a new buyback program I 2024 for
own shares
14-Jun-2024 / 11:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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14.06.2024| Austria
On 14 June 2024, the Executive Board of Kontron AG ((1) www.kontron.com,
ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) resolved on the implementation of a
new buyback program for own shares (“Buyback Program I 2024”) in
accordance with § 65 para. 1 no. 8 of the Austrian Stock Corporation Act
(AktG) by utilizing the authorization granted by the extraordinary
shareholder meeting on 8 November 2023, published on 9 November 2023 via
an electronic information dissemination system.
The Executive Board’s decision to launch the Buyback Program I 2024 was
taken against the background of the current share price of the company,
which, from the Executive Board’s perspective, represents a very
attractive level. In addition, the liquidity situation is excellent, so
that the organic growth and the new Buyback Program I 2024 can be
financed.
The share buyback under the Buyback Program I 2024 will be made for the
account of Kontron AG and managed by a credit institution that resolves
upon the purchase timing independently and uninfluenced from Kontron AG
and will conduct the share buyback under the Buyback Program I 2024 in
accordance with the provisions set forth in article 3 of the Delegated
Regulation (EU) 2016/1052 as of 8 March 2016.
The intended volume under the Buyback Program I 2024 amounts to up to
434,000 shares to be repurchased. The Buyback Program I 2024 is planned to
commence on Monday, 1 July 2024, and to last until (and including)
Tuesday, 31 December 2024 at the latest. The safe-harbor rule (Art 5
Market Abuse Regulation) will be applied to the buy-back program.
Repurchases of shares may be made up to a price cap of EUR 23.00 per
share. In addition, the purchase price may not range more than 10% below
or above the average Kontron share price of the last 5 trading days in
XETRA trading. The maximum envisaged amount to be utilized by Kontron AG
under the Buyback Program I 2024 is EUR 10 million.
Details on transactions made under the Buyback Program I 2024 as well as
amendments, if any, will be published on the website of Kontron AG under:
https://kontron.com/investors/buyback-program-I-2024
This announcement is no public offer for the purchase of shares of Kontron
AG and does not impose any obligations for Kontron AG or any of its
subsidiaries to accept any offers to repurchase shares of Kontron AG.
End of Inside Information
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14-Jun-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: Kontron AG
Industriezeile 35
4020 Linz
Austria
Phone: +43 (732) 7664 – 0
E-mail: ir@kontron.com
Internet: https://www.kontron.com
ISIN: AT0000A0E9W5
WKN: A0X9EJ
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange; BX, Vienna Stock Exchange
(Vienna MTF)
EQS News ID: 1925661
End of Announcement EQS News Service
1925661 14-Jun-2024 CET/CEST
References