EQS-Ad-hoc: Mayr-Melnhof Karton AG / Key word(s): Share Buyback
Mayr-Melnhof Karton AG: Mayr-Melnhof Karton Aktiengesellschaft decides on
share repurchase programme
23-Dec-2024 / 11:11 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.
The issuer is solely responsible for the content of this announcement.
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Repurchase of up to 1,000,000 shares or 5% of the share capital of
Mayr-Melnhof Karton Aktiengesellschaft planned
The Management Board of Mayr-Melnhof Karton Aktiengesellschaft has today
decided, on the basis of the authorisation granted by the 30^th Annual
General Meeting on 24 April 2024 pursuant to Section 65 (1) no. 8 of the
Austrian Stock Corporation Act (Aktiengesetz) and published on 24 April
2024 via an electronically operated information and on 26 April 2024 via
the publication platform EVI, to purchase own ordinary bearer shares of
Mayr-Melnhof Karton Aktiengesellschaft at the market price via the Vienna
Stock Exchange and over the counter. The repurchase over the counter is
subject to the approval of the supervisory board which is expected in due
time.
The share repurchase programme is scheduled to begin on 3 January 2025
(inclusive) and is expected to last until 23 December 2025 (inclusive).
The lowest consideration to be paid upon repurchase may not be less than
EUR 10 per share; the highest consideration to be paid upon repurchase may
not exceed EUR 80 per share.
The conditions of the repurchase programme are as follows:
• The date of the authorisation resolution of the Annual General Meeting
pursuant to Section 65 (1) no. 8 of the Stock Corporation Act is 24
April 2024.
• The publication of the resolution of the Annual General Meeting took
place on the company's homepage on 24 April 2024.
• Start of the share repurchase programme: 3 January 2025; expected
duration until 23 December 2025.
• The repurchase programme relates to the bearer shares of Mayr-Melnhof
Karton Aktiengesellschaft (ISIN AT0000938204).
• The intention is to repurchase up to 1,000,000 shares corresponding to
up to 5% of the share capital of Mayr-Melnhof Karton
Aktiengesellschaft either over the Vienna Stock Exchange or in a
volume of up to 600,000 shares corresponding to up to 3% of the share
capital of Mayr-Melnhof Karton Aktiengesellschaft over the counter.
• The lowest consideration to be paid upon repurchase may not be less
than EUR 10 per share; the highest consideration to be paid upon
repurchase may not exceed EUR 80 per share.
• The repurchase will be carried out via the stock exchange and/or, in
compliance with the restrictions under company law, also over the
counter. The purpose of the repurchase is the purposes set out in the
authorisation resolution of the Annual General Meeting of 24 April,
2024.
• Possible effects on the stock exchange admission: None
A credit institution will be commissioned to carry out the share
repurchase over the stock exchange. The credit institution shall make its
decision regarding the timing of the acquisition of shares in Mayr-Melnhof
Karton Aktiengesellschaft over the stock exchange independently of
Mayr-Melnhof Karton Aktiengesellschaft and shall follow the conditions for
trading set out in Article 3 of the Commission Delegated Regulation (EU)
2016/1052 of 8 March 2016.
Note pursuant to section 5 (4) of the Publication Regulation 2018: (i) the
details of the transactions carried out under this repurchase programme to
be published pursuant to Section 7 of the Publication Regulation 2018 and
(ii) any changes to the repurchase programme to be published pursuant to
Section 6 of the Publication Regulation 2018 will be published on the
website of Mayr-Melnhof Karton AG (https://mm.group/investors/share/).
This publication is in particular not a public offer to purchase
Mayr-Melnhof Karton Aktiengesellschaft shares and does not establish any
obligation of Mayr-Melnhof Karton Aktiengesellschaft or any of its
subsidiaries to accept offers to repurchase shares of Mayr-Melnhof Karton
Aktiengesellschaft.
End of Inside Information
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23-Dec-2024 CET/CEST News transmitted by EQS Group. www.eqs.com
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Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 Wien
Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations@mm.group
Internet: www.mm.group
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic
Board), Munich, Stuttgart, Tradegate Exchange; Vienna Stock
Exchange (Official Market)
EQS News ID: 2056247
End of Announcement EQS News Service
2056247 23-Dec-2024 CET/CEST
