22.12.2017 | Austria
Kontron S&T AG starts second share repurchase program at €3.11S&T AG, Linz, Austria (ISIN AT0000A0E9W5, WKN A0X9EJ, www.snt.at) reports that the executive board of Kontron S&T AG, a subsidiary of S&T AG, has resolved to conduct a second share repurchase. This program is addressed to all holders of shares – the 'freefloat shareholders' - in Kontron S&T AG. Its shares are no longer listed on stock exchanges. The offer foresees the acquisition of up to 1,189,479 shares at a price of €3.11 per share. The offer's term of acceptance is expected to start from December 29, 2017, to January 31, 2018.
The price of acquisition is the same as the amount – representing compensation paid in cash – that was offered to shareholders on the occasion of former Kontron AG's being merged into S&T Deutschland Holding AG (today's Kontron S&T AG). Those shareholders that also did not participate in the first program of share repurchasing, are thus receiving once more – via this offer to acquire their shares – the opportunity to sell their shares in Kontron S&T AG. These shares are by now no longer traded at stock exchanges. The price per share is €3.11. Kontron S&T AG acquired 995,110 shares during the first share repurchasing program, from November 6, 2017 to December 18, 2017.
The way for Kontron S&T shareholders to accept the offer is for them to declare this acceptance during the term of acceptance. This declaration is to be submitted to their respective banks of securities deposit, which, in turn, are to send at the beginning of the term of acceptance to the Kontron shareholders a bulletin of information, or answer form or letter of instruction (collectively referred to as “declarations of acceptance”) designed for the submission of such acceptances. Further information and the offer documents are maintained on Kontron's Website after the start of the purchase program– at www.kontron.com/merger.