AdHoc: S&T AG resolves to on new buyback program II 2019 for own shares

22.07.2019 | Austria

The Executive Board of S&T AG, following the end of the buyback program 2019 (which lasted from 22 January 2019 until 22 July 2019), resolved on conducting a new buyback program for own shares by utilizing the authorization granted by the extraordinary shareholder meeting on 15 January 2019. The authorizing resolution was published via the company’s electronic financial news service on 15 January 2019 and grants the permission to implement the buyback program II 2019 for own shares (Aktienrückkaufprogramm II 2019 – "buyback program II 2019") pursuant to § 65 paragraph 1 no 8 of the Stock Corporation Act (AktG).

The repurchase of shares under the buyback program II 2019 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 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 2.000.000 shares or a maximum of EUR 30.000.000,--, the maximum price is capped at EUR 20,00. The buyback program II 2019 is planned to commence on 25 July 2019 (terms outlined below).

Details on the buyback program II 2019, details on transactions made under the share buyback II 2019 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 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. 

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