S&T AG: Final announcement on the share buyback program announced on 28 February 2020
01.07.2020 | Austria
Publication pursuant to Article 5(1)(b) and (3) of Regulation (EU) No 596/2014 and Article 2(2) and (3) of the Commission Delegated Regulation (EU) No 2016/1052
On 30 June 2020, S&T AG completed the share buyback program ("Share Buyback Program I 2020") announced on 28 February 2020 pursuant to Art. 2 para. 2 of the delegated regulation (EU) 2016/1052.
In total, S&T AG bought back 390,373 shares at a weighted average price of EURO 16.7359. This corresponds to 0.591% of the company's share capital. The total price without incidental expenses of the repurchased shares was EURO 6,533,232.78.
The shares were bought back by a bank commissioned by S&T AG exclusively via Xetra trading on the Frankfurt Stock Exchange.
S&T AG plans to use the repurchased shares for future acquisitions and to service the stock option programs.
Information on the individual transactions of the share buyback are published in accordance with Art. 2 Para. 3 of the Buyback Regulation on the S&T AG Investor Relations website at: https://ir.snt.at/Share_buyback_program_2020.en.html
The Executive Board
Linz, July 1, 2020