S&T AG

S&T AG resolves on buyback program for own shares

Public disclosure of inside information according to article 17 MAR

Linz (pta034/17.01.2019/21:10) - Linz, 17.01.2019. The Executive Board of S&T AG (www.snt.at) today approved a buyback program for own shares using the authorization granted by the extraordinary shareholder meeting on 15 January 2019. The authorizing resolution was published via the company's electronic financial news service on 15 January 2019 and grants the permission to implement the buyback program 2019 for own shares ("Aktienrückkaufprogramm 2019") pursuant to § 65 paragraph 1 N 8 of the Stock Corporation Act (AktG).

The repurchase of shares under the buyback program 2019 will be managed by a German bank. The volume amounts to up to 2.000.000 shares and the buyback program is planned to commence on 22 January 2019 (terms outlined below).

Details on the buyback program 2019 will be published on the company's website under: http://www.snt.at/investor_relations/Aktienrueckkaufprogramm_2019.php

Terms of the buyback program 2019:

Date of the granted authorization by the shareholder meeting pursuant to § 65 paragraph 1 N 8 of the Stock Corporation Act (AktG): 15 January 2019 (published on 15 January 2019)

Start and provisional duration: on or about 22 January 2019 until 22 July 2019 at the latest

Type of securities: bearer shares (ISIN AT0000A0E9W5)

Intended volume: up to 2.000.000 shares, representing approx. 3% of the current share capital of S&T AG

Maximum amount to be utilized by S&T AG under the buyback program 2019: EUR 30.000.000,--

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 S&T 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 18,00

- 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 extraordinary shareholder meeting on 15 January 2019.

Effects of the buyback program 2019 on the admission of the shares to listing on the stock exchange: not applicable

The repurchase of shares is being processed by a bank 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 share buyback 2019 as well as amendments, if any, will be published on the company's website under: http://www.snt.at/investor_relations/Aktienrueckkaufprogramm_2019.php

This publication does not represent a public offer for the purchase of S&T AG shares. It therefore does not trigger any obligation of the company or its subsidiaries to accept any repurchase offers of S&T AG shares.

On S&T AG
S&T AG (www.snt.at) heads a technology group that employs some 4,300 persons and that operates in more than 25 countries around the world. S&T AG is listed on the Frankfurt Stock Exchange (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT). S&T forms part of the Exchange's TecDAX and SDAX indexes of high techs. S&T is a leading supplier in Central and Eastern Europe of IT systems and of the services and solutions comprised in them. S&T's taking in 2016 of a stake in Kontron AG - one of the leaders on the world's market for embedded computers - has enhanced its portfolio of proprietary technologies used in the fields of appliances, cloud security, software and smart energy. This move has made S&T one of the leading suppliers on the international markets for Industry 4.0 and IoT (Internet of Things) technologies.

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emitter: S&T AG
address: Industriezeile 35, 4021 Linz
country: Austria
contact person: Alexandra Habekost, Head of Investor Relations
phone: [phone]
e-mail: [e-mail]
website: www.snt.at

ISIN(s): AT0000A0E9W5 (share)
stock exchanges: regulated market in Frankfurt

[ source: http://www.pressetext.com/news/20190117034 ]