Linz (pta047/27.04.2021/18:45) - On 27 April 2021, the Executive Board of S&T AG (www.snt.ag) resolved on conducting a new buyback program for own shares ("Buyback Program I 2021") 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 Buyback Program I 2021 was resolved to be implemented in view of the upcoming completion of the current Buyback Program II 2020 on (and including) 30 April 2021.
The repurchase of shares under the Buyback Program I 2021 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 Program I 2021 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 500,000 shares to be bought back. The Buyback Program I 2021 is planned to commence on Monday, 3 May 2021, and to last until (and including) 3 November 2021 at the latest. Repurchases of shares may be made up to a price cap of EUR 22.50 per share as well as up to a maximum purchase price ranging 10% above the average S&T share price of the last 5 trading days in XETRA trading. The maximum amount to be utilized by S&T AG under the Buyback Program I 2021 is EUR 10 million.
Details on the Buyback Program I 2021 as well as the further terms to be applied, details on transactions made under the Buyback Program I 2021 as well as amendments, if any, will be published on the company's website under: https://ir.snt.at/Share_buyback_program_I_2021.en.html
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.
ABOUT S&T AG
S&T AG (www.snt.ag, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) heads a technology group that employs some 6,000 people with subsidiaries in more than 30 countries around the world. The company is listed on the TecDAX® and SDAX® of the German Stock Exchange and is one of the leading providers of IoT (Internet of things) technologies. In these sectors S&T focuses on the development of secure and networked solutions with a combined portfolio of hardware, middleware and services. S&T's own technologies in the fields of smart factory, railway communication systems, medical technology, communication solutions and smart energy, as well as a broad portfolio of IT services, make S&T an in-demand partner for customers in a wide range of industries.