Kontron AG: Kontron AG resolves on a new buyback program I 2023 for own shares

Linz (pta031/03.02.2023/17:47) - Kontron AG resolves on a new buyback program I 2023 for own shares

On 3 February 2023, the Executive Board of Kontron AG (www.kontron.com ( https://kontron.com/ ), ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) resolved on conducting a new buyback program for own shares ("Buyback Programme I 2023") in accordance with § 65 para. 1 no. 8 of the Austrian Stock Corporation Act (AktG) by utilizing the authorization granted by the ordinary shareholder meeting on 6 May 2022, which was published on 6 May 2022 via an electronic information dissemination system.

The repurchase of shares under the Buyback Programme I 2023 will be managed by a credit institution. The volume amounts to up to 636,305 shares and the Buyback Programme I 2023 is planned to commence on Monday, 6 February 2023 (terms outlined below).

Details on the Buyback Programme I 2023 will be published on the company's website under: https://ir.kontron.com/Share_buyback_program_I_2023.en.html

Terms of the Buyback Programme I 2023

Date of the granted authorization by the shareholder meeting pursuant to § 65 paragraph 1 no 8 of the Stock Corporation Act (AktG): 6 May 2022 (published on 6 May 2022)

Start and provisional duration: on or about 6 February 2023 until 6 August 2023 at the latest

Type of securities: bearer shares (ISIN AT0000A0E9W5)

Intended volume: up to 636,305 shares, representing approx. 1% of the current share capital of Kontron AG

Maximum amount to be utilized by Kontron AG under the Buyback Programme I 2023: EUR 10,000,000

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):

(i) 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)

(ii) EUR 20.00

- Lowest price (cumulative):

(i) 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);

(ii) At least EUR 1.00 per share (proportionate amount of the share capital).

Type of repurchase: Via the stock exchange

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 6 May 2022.

Effects of the Buyback Programme I 2023 on the admission of the shares to listing on the stock exchange: not applicable

The repurchase of shares is being processed 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.

Important notice: Details on transactions made under the Buyback Programme I 2023 as well as amendments, if any, will be published on the company's website under: https://ir.kontron.com/Share_buyback_program_I_2023.en.html

This publication is no public offer for the purchase of securities of Kontron AG and does not impose any obligations for the company or any of its subsidiaries to accept any offers to repurchase Kontron AG shares.

(Ende)