EQS-Ad-hoc: AUSTRIACARD HOLDINGS AG / Key word(s): Share Buyback
AUSTRIACARD HOLDINGS AG RESOLVES TO IMPLEMENT A SHARE BUY-BACK PROGRAM
18-Dec-2023 / 20:32 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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EQS-Adhoc: AUSTRIACARD HOLDINGS AG RESOLVES TO IMPLEMENT A SHARE BUY-BACK
PROGRAM
Public disclosure of inside information according to Art 17 MAR
Vienna, this 18 December 2023
The management board of AUSTRIACARD HOLDINGS AG (the “Company”) resolved
today to implement a share buy-back program for own shares (the “Share
Buy-Back Program”) on the basis of the authorization resolution pursuant
to Sec 65 para 1 no 4 and 8 Austrian Stock Corporation Act of the annual
general meeting held on 30 June 2023, which was published on 30 June 2023.
The supervisory board of AUSTRIACARD HOLDINGS AG approved the
implementation of the Share Buy-Back Program by resolution passed today.
The Share Buy-Back Program is conducted in order to acquire own shares for
remuneration purposes, i.e. transferring shares to employees, senior
executives, as well as members of the management board of the Company or
its subsidiaries in accordance with the authorization resolution of the
annual general meeting of 30.6.2023.
The share buy-backs are carried out by PIRAEUS SECURITIES S.A. via the
stock exchange and multilateral trading facilities (MTFs). PIRAEUS
SECURITIES S.A. makes its decision on the time of acquisition
independently and without influence from AUSTRIACARD HOLDINGS AG and must
comply with the trading conditions pursuant to Art 3 of Commission
Delegated Regulation (EU) 2016/1052 of 8 March 2016.
The maximum volume of the Share Buy-Back Program amounts to up to 727,077
own shares (corresponding to approx. 2% of the current total share
capital), the share buy-back under the Share Buy-Back Program will start
on 22 December 2023 and is anticipated to continue up to (including)
21 June 2024.
In accordance with the resolution of the annual general meeting held on
30 June 2023, the consideration to be paid per share when acquiring shares
must (i) not be lower than EUR 1 (i.e., the calculated proportion of the
share capital per share), and (ii) not be more than 20% above the
volume-weighted average price of the last 20 trading days preceding the
respective purchase. Additionally, the management board has determined a
maximum price of EUR 12 per share.
The maximum total consideration under the Share Buy-Back Program amounts
to EUR 5,816,616.
The share buy-backs are carried out within the framework of the safe
harbor rule pursuant to Art 5 of the Market Abuse Regulation.
The Share Buy-Back Program does not have any effects on the listing of the
shares.
The details of the Share Buy-Back Program, details of the transactions
carried out under the Share Buy-Back Program and any changes to the Share
Buy-Back Program will be published in accordance with valid legislation
and on the website of AUSTRIACARD HOLDINGS AG under
(1) https://www.austriacard.com/investor-relations-ac/
This announcement is not a public offer to purchase shares of AUSTRIACARD
HOLDINGS AG and does not impose any obligations on AUSTRIACARD HOLDINGS AG
or any of its subsidiaries to accept offers to buy back shares of
AUSTRIACARD HOLDINGS AG.
ABOUT AUSTRIACARD HOLDINGS AG
AUSTRIACARD HOLDINGS AG, headquartered in Vienna, with an international
presence, is one of the leading providers of Secure Digital Technology
Solutions in Europe.
AUSTRIACARD HOLDINGS AG is the one of the leading B2B providers of smart
cards, personalization and payment solutions, as well as secure data
management and digitalization solutions, in Austria, Scandinavia, Central
and Eastern Europe and South Eastern Europe, while also having significant
market share in many other European countries and Türkiye. The group is
expanding fast in geographical areas outside Europe, such as the USA where
it has established a new personalization center, and the Middle East &
Africa where sales units have been developed that have already drawn
significant new business. In addition, the company has become a payment
products and solutions partner of choice for challenger banks/neo banks, a
growing market segment world-wide.
The company has a very strong pan-European operational footprint, reaching
from the United Kingdom to Greece and Türkiye, with seven production
facilities and seven personalization centers in Europe, as well as an
additional personalization center in USA, employing currently around 2,500
people. It also has sales offices in Norway, Czech Republic, Germany,
Croatia, Serbia, Jordan, the UAE and a network of partners and selling
agencies around the world. This footprint enables the provision of a high
service level to our customers, confirmed by the very long-lasting
business relationships. The group’s international customer base benefits
from a complementary product and services and solutions offering ranging
from bill printing, direct mailing and document processing to payment,
transit and ID cards increasingly bundled with online, mobile and
digitalization transformation solutions.
Issuer: AUSTRIACARD HOLDINGS AG
Lamezanstraße 4-8
1230 Vienna
Austria
Contact person: Dimitris Tzelepis
Tel.: +43 1 61065 – 357
E-Mail: d.tzelepis@austriacard.com
Website: www.austriacard.com
ISIN(s): AT0000A325L0
Stock Exchange(s): Vienna Stock Exchange (prime market)
Athens Exchange (main market)
End of Inside Information
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18-Dec-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: AUSTRIACARD HOLDINGS AG
Lamezanstraße 4-8
1230 Vienna
Austria
E-mail: ac.contact@austriacard.com
Internet: https://www.austriacard.com/
ISIN: AT0000A325L0
WKN: A3D5BK
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1799429
End of Announcement EQS News Service
1799429 18-Dec-2023 CET/CEST
References