Kontron AG / AT0000A0E9W5

Kontron AG decides to continue the share Buyback Program II 2023 for own shares

Kontron AG / Key word(s): Share Buyback


08.11.2023 / 19:27 CET/CEST
The issuer is solely responsible for the content of this announcement.

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 8 November 2023 | Austria On 8 November 2023, the Executive Board and Supervisory Board of Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) resolved in accordance with § 65 para. 1 no. 8 of the Austrian Stock Corporation Act (AktG) to continue the ongoing share buyback program for own shares ("Buyback Program II 2023") unchanged by utilizing the authorization granted by the shareholder meeting on 8 November 2023, published on 8 November 2023 via an electronic information dissemination system. The terms of the Buyback Program II 2023, published on 27 September 2023, remain unchanged. The share buyback under the Buyback Program II 2023 will be made for the account of Kontron AG and managed by a credit institution. The volume under the Buyback Program II amounts to up to 4,000,000 shares in total, with the share buyback under the Buyback Program II 2023 already taking place since Monday, 2 October 2023, and until (and including) Tuesday, 1 October 2024, at the latest. Details on the Buyback Program II 2023 will be published on the website of Kontron AG under the following link: https://ir.kontron.com/Share_buyback_program_II_2023.en.html Terms of the Buyback Program II 2023: Date of the granted authorization by the shareholder meeting pursuant to § 65 para. 1 no. 8 of the Stock Corporation Act (AktG): 8 November 2023 (published on 8 November 2023) Start and provisional duration: 2 October 2023 until (and including) 1 October 2024 at the latest Type of securities: bearer shares (ISIN AT0000A0E9W5) Intended volume: up to 4,000,000 shares, representing approx. 6.26 % of the current share capital of Kontron AG Maximum amount to be utilized by Kontron AG under the Buyback Program II 2023: EUR 70,000,000 Price limits (highest price and lowest price per share): The price must not exceed the threshold of 10% higher or lower than the average share price of the last 5 trading days prior to the purchase of shares. The relevant share price is the average closing price of Kontron AG shares in XETRA trading (or any equivalent successor system) on the Frankfurt Stock Exchange. Price cap (cumulative): Purchase price range not above 10% of the average price of the last 5 trading days in XETRA trading (according to the authorization by the general assembly); EUR 23.00. Lowest price (cumulative): Purchase price range not under 10% of the average price in the last 5 trading days in XETRA trading (according to the authorization by the general assembly); At least EUR 1.00 per share (proportionate amount of the share capital). Type of repurchase: Via stock exchange and Multilateral Trading Facilities (MTFs) Reason for the repurchase: Utilization of own shares for all purposes under applicable laws and in accordance with the authorization granted by the shareholder meeting on 8 November 2023 Effects of the Buyback Program II 2023 on the admission of the shares to listing on the stock exchange: None The share buyback is being processed by a credit institution that resolves upon the purchase timing independently and uninfluenced from Kontron AG and will conduct the share buyback in accordance with the provisions set forth in article 3 of the Delegated Regulation (EU) 2016/1052 as of 8 March 2016. Important notice: Details on transactions made under the Buyback Program II 2023 as well as amendments, if any, will be published on the website of Kontron AG under: https://ir.kontron.com/Share_buyback_program_II_2023.en.html This announcement is no public offer for the purchase of shares of Kontron AG and does not impose any obligations for Kontron AG or any of its subsidiaries to accept any offers to repurchase shares of Kontron AG. 




About Kontron
Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) is a leading IoT technology company. For more than 20 years, Kontron has been supporting companies from a wide range of industries to achieve their business goals with intelligent solutions. From automated industrial operations, smarter and safer transport to advanced communications, medical and energy solutions, the company delivers technologies that add value for its customers. Kontron is listed on the SDAX® and TecDAX® of the German Stock Exchange and has around 4,700 employees with subsidiaries in more than 20 countries around the world.
 
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Media Contact
 
 
Barbara Jeitler
Kontron AG – Investor Relations
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Alexandra Kentros
Kontron AG - Communications
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Jan Lauer
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All rights reserved. Kontron is a trademark or registered trademark of Kontron AG. All data is for information purposes only and not guaranteed for legal purposes. Information in this press release has been carefully checked and is believed to be accurate; however, no responsibility is assumed for inaccuracies.

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08.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Kontron AG
	Industriezeile 35
	4020 Linz
	Austria
Phone:	[phone] - 0
E-mail:	[e-mail]
Internet:	https://www.kontron.com
ISIN:	AT0000A0E9W5
WKN:	A0X9EJ
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; BX, Vienna Stock Exchange (Vienna MTF)
EQS News ID:	1768815

End of News	EQS News Service

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1768815  08.11.2023 CET/CEST