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DGAP-Adhoc: Energiekontor AG: Share buyback resolved

eqs_en 
0 0 20.05.22
DGAP-Adhoc: Energiekontor AG: Share buyback resolved
 

DGAP-Ad-hoc: Energiekontor AG / Key word(s): Corporate Action/Share Buyback
Energiekontor AG: Share buyback resolved

20-May-2022 / 11:12 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.

Energiekontor AG resolves to buy back shares

Bremen, May 20, 2022 - The Management Board of Energiekontor AG today again resolved, with the approval of the Supervisory Board, to buy back shares. In detail, the following resolutions have been passed:

  1. The share buy back carried out on the basis of the Management Board and Supervisory Board resolutions of May 21, 2021, which has only been suspended to date and which was started on May 25, 2021, and interrupted on April 25, 2022, will not be resumed and is thus terminated.
     
  2. On the basis of the authorization granted by the Annual General Meeting on May 20, 2020, the Company shall acquire up to 80,000 of its own shares in the period from 20 May 2022 until 30 June 2023 at the latest, with the repurchase being limited to such number of shares or to a total purchase price not exceeding EUR 9,000,000. The shares shall be purchased on the stock exchange.
     
  3. The repurchase shall be carried out under the guidance of an investment firm or a financial institution in accordance with the safe harbour rules of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. The commissioned securities firm or credit institution shall make its decisions on the timing of the share purchase independently of and uninfluenced by Energiekontor AG.
     
  4. The consideration paid per share (excluding incidental acquisition costs) may not be more than 10% higher or lower than the average closing price for shares of the same class determined on the Frankfurt Stock Exchange during the last three trading days prior to the acquisition of the shares.
     
  5. The shares acquired shall be used for all legally permissible purposes.
     
  6. All transactions shall be announced weekly on the Company's website (www.energiekontor.de) in the Investor Relations section after their execution.

Contact
Energiekontor AG 
Head of Investor Relations 
Till Gießmann
Tel.: +49 421 3304-126
Fax: +49 421-3304-444
E-Mail:[email protected]

Energiekontor AG
Mary-Somerville-Straße 5
28359 Bremen
Germany

www.energiekontor.de

20-May-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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: [email protected]
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: 1357931

 
End of Announcement DGAP News Service

1357931  20-May-2022 CET/CEST

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Energiekontor Stock

€65.60
0.150%
The Energiekontor stock is trending slightly upwards today, with an increase of €0.10 (0.150%) compared to yesterday's price.
With 18 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 75 € there is a slightly positive potential of 14.33% for Energiekontor compared to the current price of 65.6 €.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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