Brief: Kontron Announces New Share Buyback Program

Kontron AG

14/06/2024 10:42

June 14 (Reuters) - KONTRON AG  KTN.VI :
    * RESOLVES ON A NEW BUYBACK PROGRAM I 2024 FOR OWN SHARES
    * INTENDED VOLUME UNDER BUYBACK PROGRAM I 2024 AMOUNTS TO UP
TO
434,000 SHARES TO BE REPURCHASED
    * BUYBACK PLANNED TO COMMENCE ON MONDAY, 1 JULY 2024, AND TO
LAST
UNTIL (AND INCLUDING) TUESDAY, 31 DECEMBER 2024 AT LATEST
    * REPURCHASES OF SHARES MAY BE MADE UP TO A PRICE CAP OF EUR
23.00
PER SHARE. IN ADDITION, PURCHASE PRICE MAY NOT RANGE MORE THAN
10% BELOW OR ABOVE AVERAGE KONTRON SHARE PRICE OF LAST 5 TRADING
DAYS IN XETRA TRADING
    * MAXIMUM ENVISAGED AMOUNT TO BE UTILIZED BY KONTRON AG
UNDER
BUYBACK PROGRAM I 2024 IS EUR 10 MILLION

Source text for Eikon:  ID:nEQb0tNYXa 
Further company coverage:  KTN.VI 

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