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Energiekontor AG
Transaction in Own Shares • May 30, 2024
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Transaction in Own Shares
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Ad-hoc | 30 May 2024 11:53
Energiekontor AG: Energiekontor AG resolves to buy back shares
Energiekontor AG / Key word(s): Share Buyback
Energiekontor AG: Energiekontor AG resolves to buy back shares
30-May-2024 / 11:53 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Energiekontor AG resolves to buy back shares
Bremen, 30 May 2024 – The Management Board of Energiekontor AG resolved a further share buyback today. The move was also approved by the company’s Supervisory Board. The following resolutions were passed in detail:
- The share buyback carried out on the basis of the Management Board and Supervisory Board resolutions of 17 May 2023, which began on 30 May 2023 and was interrupted on 28 March 2024, will not be resumed and has therefore ended.
- On the basis of the authorisation granted by the Annual General Meeting on 20 May 2020, the company is to buy back up to 80,000 treasury shares in the period from 30 May 2024 until 19 May 2025 at the latest, whereby the buyback is limited to such a number of shares or to a maximum total purchase price of 9,000,000 euros. The shares will be purchased on the stock exchange.
- The buyback is to be carried out by Quirin Privatbank AG in accordance with the safe harbour provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. The intention is that Quirin Privatbank AG will make the decisions on the timing of the acquisition of the shares independently of and uninfluenced by the company.
- The consideration paid per share (excluding incidental acquisition costs) may not be more than 10 percent higher or lower than the average closing price for shares of the same class determined on the Frankfurt Stock Exchange during the last three trading days prior to the acquisition of the shares.
- The acquired shares are to be used for all legally permissible purposes.
- All transactions are published weekly on the company’s website at https://www.energiekontor.de/en/investor-relations/share-buyback.html once they have been executed.
Contact
Julia Pschribülla
Head of Investor & Public Relations
Phone: +49 (0)421-3304-126
Email: [email protected]
Energiekontor AG
Mary-Somerville-Strasse 5
28359 Bremen
Germany
Phone: +49 (0)421-3304-0
Fax: +49 (0)421-3304-444
Email: [email protected]
Web: www.energiekontor.de/en/index.html
End of Inside Information
30-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Energiekontor AG |
| Mary-Somerville-Straße 5 | |
| 28359 Bremen | |
| Germany | |
| Phone: | 04 21/33 04-126 |
| Fax: | 04 21/33 04-4 44 |
| E-mail: | [email protected] |
| Internet: | www.energiekontor.de |
| ISIN: | DE0005313506 |
| WKN: | 531350 |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1914637 |
| End of Announcement | EQS News Service |