DGAP-Adhoc: Energiekontor AG: Energiekontor AG decides to buy back shares

2019. április 03., szerda, 15:30





DGAP-Ad-hoc: Energiekontor AG / Key word(s): Share Buyback


Energiekontor AG: Energiekontor AG decides to buy back shares


03-Apr-2019 / 15:30 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




The Management Board of Energiekontor AG today decided, with the approval of the Supervisory Board, to make use of the authorisation granted at the Annual General Meeting on 21 May 2015 to acquire own shares pursuant to Section 71 (1) No. 8 AktG and to buy back up to 300,000 shares in the period from April 23, 2019 to May 19, 2020, whereby the repurchase is limited to such a number of shares or to a total purchase price of a maximum of EUR 9,000,000. At the same time, the existing share buyback program is to be terminated prematurely on April 18, 2019.



The acquisition is to take place via the stock exchange. The amount per share paid by the Company (excluding incidental acquisition costs) may not be more than 10 % higher or lower than the average closing price for shares of the same class during the last three trading days prior to the acquisition.



The repurchase shall be conducted by an investment firm or a credit institution 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 April 16, 2014 in conjunction with the provisions of Commission Delegate Regulation (EU) 2016/1052 of March 8, 2016. The commissioned investment firm or credit institution makes its decisions on the time of the share acquisition independently and uninfluenced by Energiekontor AG.



It is intended to redeem the shares for the purpose of a capital reduction.



All transactions will be announced weekly on the Company"s website (www.energiekontor.de) in the Investor Relations section after their execution.






Contact:

Peter Alex

Head of Investor Relations


Energiekontor AG

Mary-Somerville-Straße 5

28359 Bremen

Germany


Tel.: +49 421-3304-126

Fax: +49 421-3304-444

ir@energiekontor.com








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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: ir@energiekontor.de
Internet: www.energiekontor.de
ISIN: DE0005313506
WKN: 531350
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 795405





 
End of Announcement DGAP News Service




795405  03-Apr-2019 CET/CEST







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