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Fr, 13.10.2017 12:51
Business news for the stock market
S&T AG: listing of new shares on Frankfurt Stock Exchange
Linz (pta020/13.10.2017/12:51) - Headquartered in Linz, Austria, S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, www.snt.at) reported today the listing of some 6.6 million new shares on the Prime Standard regulated market segment of the Frankfurt Stock Exchange. The issuance of these shares was occasioned by the non-cash capital increase performed by S&T AG. The shares were issued to former shareholders of Kontron AG, S&T Deutschland Holding AG respectively (today's Kontron S&T AG) for exchanging. They thus served as the consignment for the latter shares.
The commencement of listing and the delivery of the new shares are set to take place on or about October 16, 2017. This will be at the same time as the paying out of cash amounting to EUR 0.15 for each new S&T AG share and the acquisition for EUR 3.11 in cash of each S&T Deutschland Holding AG share whose purchase was necessitated by the rounding off of fractional holdings. These transactions will be performed via the banks holding the shareholders' securities deposit accounts.
This contribution in kind and the issuance of new shares have caused the share capital of S&T AG to increase to EUR 57,617,435.
For those remaining shareholders of Kontron S&T AG who did not take advantage of the option involving the contribution in kind, or who failed to lodge an objection in the minutes of the Annual General Meeting of Kontron AG held on June 19, 2017 and who thus forfeited the option of accepting the compensation in cash amounting to EUR 3.11 per share held, Kontron S&T AG plans to stage a shares repurchase program. It will reimburse participating shareholders at a rate of EUR 3.11 per share of Kontron S&T AG held. The program's details are to be published by the end of October 2017.
On S&T AG