S&T AG

Successful completion of the merger - Seite 2

The making of S&T AG's offer has been accompanied by the issuance of a securities prospect. This was approved on June 16, 2017 by Austria's FMA Financial Markets Supervisory Authority. The notification of this prospect was issued in Germany. Along with any amendments, the prospect is to be viewed on S&T's Website at http://snt.at/investor_relations/Sachkapitalerhoehung_2017.php.

Compensation in cash
The completion of the merger entitles those shareholders who lodged objections - as recorded in the minutes of the Annual General Meeting of Kontron AG on June 19, 2017 - to the merger to lay claim to receive compensation in cash amounting to EUR 3.11 per share. This laying of claim will cause such parties to no longer be shareholders of S&T Deutschland Holding AG. Such moves will also mean the lapsing of the offer to consign consideration in return for the receiving of shares of S&T AG. To activate this offer, the shareholder will be required to place a corresponding instruction with her or his bank of shares deposit. The term of this offer is two months, and starts on August 22, 2017. It thus ends on October 21, 2017. The shareholders that are entitled to lay claim for the compensation in cash and want to do such can brief themselves on the requisite steps and required information by visiting Kontron AG's Website - www.kontron.com/merger.

Further integration of Kontron
The focus has been placed on the conclusion of the integration of Kontron into the processes of the S&T Group. This should yield improvements in earnings of some EUR 8 million a year. The S&T Group also expects the exploitation of technology synergies to produce more than EUR 10 million annually in improved gross margins. These will be partially offset by the amortization costs accruing over the next few quarters. These costs will arise from purchase price allocations arising from the takeover of Kontron (one-time effects with no impact on cash).

On S&T AG
S&T AG (www.snt.at) heads a technology group that employs some 3,700 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 index 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: Sandra Grünwald
phone: [phone]
e-mail: [e-mail]
website: www.snt.at

ISIN(s): AT0000A0E9W5 (share), DE000A1HJLL6 (bond)
stock exchanges: regulated market in Frankfurt

[ source: http://www.pressetext.com/news/20170821025 ]