The Executive Board of S&T AG (group.kontron.com) resolved on conducting a new buyback program for own shares (“Buyback Programme I 2020”) 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 15 January 2019, which was published on 15 January 2019 via an electronic information dissemination system. The purpose of the Buyback Programme I 2020 is to continue the “Buyback Programme II 2019” (Aktienrückkaufprogramm II 2019), which S&T AG terminated on 27 December 2019 and in the course of which a total of 788,245 own shares, corresponding to 1.193% of the company’s share capital, were acquired at a total price of EUR 14,647,351.95 excluding incidental costs of the repurchased shares.
The repurchase of shares under the Buyback Programme I 2020 will be made for the account of S&T AG and managed by a credit institution that resolves upon the purchase timing independently from the company and will conduct the share buyback under the Buyback Programme I 2020 in accordance with the provisions set forth in article 3 of the Delegated Regulation (EU) 2016/1052 as of 8 March 2016.
The volume amounts to up to 1,000,000 shares and the Buyback Programme I 2020 is planned to commence on 4 March 2020 (terms outlined below).
Details on the Buyback Programme I 2020, details on transactions made under the Buyback Programme I 2020 as well as amendments, if any, will be published on the company’s website under:
This publication is no public offer for the purchase of securities of S&T AG and does not impose any obligations for the company or any of its subsidiaries to accept any offers to repurchase S&T AG shares.