Linz. September 21, 2018. Today, the Supervisory Board of S&T AG (www.snt.at) consented to the increase of the share capital of S&T AG from currently EUR 63,911,392.00 by EUR 2,177,711.00 by partially exercising the conditional capitals of S&T AG (§ 5 para 5 and 6 of the articles of association) and the exclusion of subscription rights of shareholders of S&T AG. The increase includes the issue of 2,177,711 new shares with dividend entitlement as of January 1, 2018 for an issue price of EUR 23.37 per new share against contribution in kind. This corresponds to an increase of the share capital of 3.41%.
As reported by S&T AG on August 26, 2018, the new shares are subscribed for by Ennoconn Investments Holdings Co. LTD against contribution in kind of 49% of the shares in Kontron Canada Inc. Hereby S&T AG, respectively its subsidiary Kontron S&T AG will again own 100% of the shares of Kontron Canada Inc. In addition to new shares, Ennoconn Investments Holdings Co. LTD receives an additional payment of EUR 0.15 per new share.
As soon as the execution of the capital increase is registered in the companies register, S&T AG will file for inclusion of the new shares in the trading of S&T AG shares on the Frankfurt Stock Exchange.
About S&T AG
S&T AG (www.snt.at) heads a technology group that employs some 4,200 persons and that operates in more than 25 countries around the world. S&T AG is listed on the Frankfurt Stock Exchange (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT). S&T forms part of the Exchange's TecDAX index of high techs. S&T is a leading supplier in Central and Eastern Europe of IT systems and of the services and solutions comprised in them. S&T's taking in 2016 of a stake in Kontron AG – one of the leaders on the world's market for embedded computers – has enhanced its portfolio of proprietary technologies used in the fields of appliances, cloud security, software and smart energy. This move has made S&T one of the leading suppliers on the international markets for Industry 4.0 and IoT (Internet of Things) technologies.