PTA-Adhoc: S&T AG: AD HOC S&T AG / S&T AG resolves to an increase maximum price of the buyback program II 2020 for own shares

Tuesday, 02. March 2021 20:15

Public disclosure of inside information according to article 17 MAR

Linz (pta044/02.03.2021/20:15) - AD HOC S&T AG / S&T AG resolves to an increase maximum price of the buyback program II 2020 for own shares

Publication in amendment of inside information published on 27 October 2020.

On 27 October 2020, the Executive Board of S&T AG (www.snt.at) resolved on conducting a new buyback program for own shares ("Buyback Programme II 2020") 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 resolution of the Executive Board was published as inside information on 27 October 2020.

On 2.3.2021, the Executive Board of S&T AG resolved, due to the share price increase based on the positive operational development of the company, to amend one of two applicable maximum price thresholds applicable to repurchases under the Buyback Programme II 2020 from a maximum amount of EUR 20.00 per repurchased share to EUR 22.50 per repurchased share. The amendment of the Buyback Programme II 2020 will be effective on 8 March 2021. From this day on (and including such day), repurchases up to the increased maximum amount per share of EUR 22.50 are possible. The second maximum threshold capping the maximum amount per share at a maximum of 10% above the average price of the S&T AG share in last 5 trading days in XETRA trading remains applicable. Further, all other terms of the Buyback Programme II 2020 continue to apply unaffected.

Until and including 2 March 2021, purchases of own shares under the Buyback Programme II 2020 amount to 486,046 shares for a total consideration of EUR 8,803,187.50.

Details on the amended Buyback Programme II 2020 as well as the further terms to be applied, details on transactions made under the Buyback Programme II 2020 as well as amendments, if any, will be published on the company's website under: https://ir.snt.at/Share_buyback_program_II_2020.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.

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emitter: S&T AG
address: Industriezeile 35, 4021 Linz
country: Austria
contact person: Nicole Nagy, Investor Relations
phone: +43 (1) 801911196
e-mail: nicole.nagy@snt.at
website: www.snt.at

ISIN(s): AT0000A0E9W5 (share)
stock exchanges: regulated market in Frankfurt

[ source: http://www.pressetext.com/news/20210302044 ]

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