Linz (pta/03.02.2023/17:47 UTC+1)
Kontron AG resolves on a new buyback program I 2023 for own shares
On 3 February 2023, the Executive Board of Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) resolved on conducting a new buyback program for own shares ("Buyback Program I 2023") 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 6 May 2022, which was published on 6 May 2022 via an electronic information dissemination system.
The repurchase of shares under the Buyback Program I 2023 will be made for the account of Kontron 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 2023 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 636,305 shares to be bought back. The Buyback Program I 2023 is planned to commence on Monday, 6 February 2023, and to last until (and including) 6 August 2023 at the latest. Repurchases of shares may be made up to a price cap of EUR 20.00 per share as well as up to a maximum purchase price ranging 10% above the average Kontron share price of the last 5 trading days in XETRA trading. The maximum amount to be utilized by Kontron AG under the Buyback Program I 2023 is EUR 10 million.
Details on the Buyback Program I 2023 as well as the further terms to be applied, details on transactions made under the Buyback Program I 2023 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 Kontron AG and does not impose any obligations for the company or any of its subsidiaries to accept any offers to repurchase Kontron AG shares.