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
S&T AG (www.snt.at) heads a technology group that employs some 3,700 persons and that operates in more than 25 countries around the world. S&T AG is listed on the Frankfurt Stock Exchange (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT). S&T forms part of the Exchange's TecDAX index of high techs. S&T is a leading supplier in Central and Eastern Europe of IT systems and of the services and solutions comprised in them. S&T's taking in 2016 of a stake in Kontron AG - one of the leaders on the world's market for embedded computers - has enhanced its portfolio of proprietary technologies used in the fields of appliances, cloud security, software and smart energy. This move has made S&T one of the leading suppliers on the international markets for Industry 4.0 and IoT (Internet of Things) technologies. (end)