S&T AG: Third purchase offer for free-float shareholders of Kontron S&T AG at a price of EUR 4.85 per share
Linz, 17.06.2019. The Executive Board of S&T AG (www.snt.at) resolved to issue a third offer to purchase on a voluntary basis the shares held by the free-float shareholders of the not publicly listed Kontron S&T AG. No limits have been set for the offer, which foresees the acquisition of all shares outstanding in Kontron S&T AG at a price of EUR 4.85 per share. The term of acceptance begins on June 17, 2019 and ends on July 31, 2019.
The acceptance of the offer by the shareholders of Kontron S&T AG, who have an account of securities deposit at a bank located in Germany, should come without charges of levies and fees by the bank maintaining this account. To defray the ensuing costs, the company will pay the banks maintaining the accounts a compensation amounting to up to EUR 5.00 per account operated.
Shareholders of Kontron S&T AG receive with this purchase offer another opportunity to sell their shares - which are no longer being traded - at a price of EUR 4.85 per share. The way for the shareholders of Kontron S&T AG to accept the offer is to declare in writing their acceptance during the set term set. This declaration is to be rendered to the bank that maintains the respective account of securities deposit. This bank is to send to shareholders of Kontron S&T AG at the commencement of the term of acceptance a corresponding informatory letter. The purchase offer was published in the Federal Gazette (Bundesanzeiger) and can be viewed and downloaded on the S&T website at https://ir.snt.at/Share_purchase_offer.en.html