On 14 June 2024, the Executive Board of Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) resolved on the implementation of a new buyback program for own shares (“Buyback Program I 2024”) in accordance with § 65 para. 1 no. 8 of the Austrian Stock Corporation Act (AktG) by utilizing the authorization granted by the extraordinary shareholder meeting on 8 November 2023, published on 9 November 2023 via an electronic information dissemination system.
The Executive Board's decision to launch the Buyback Program I 2024 was taken against the background of the current share price of the company, which, from the Executive Board's perspective, represents a very attractive level. In addition, the liquidity situation is excellent, so that the organic growth and the new Buyback Program I 2024 can be financed.
The share buyback under the Buyback Program I 2024 will be made for the account of Kontron AG and managed by a credit institution that resolves upon the purchase timing independently and uninfluenced from Kontron AG and will conduct the share buyback under the Buyback Program I 2024 in accordance with the provisions set forth in article 3 of the Delegated Regulation (EU) 2016/1052 as of 8 March 2016.