STS Group AG decides on share buyback program in the amount of up to EUR 1 million
Hallbergmoos/Munich, 21 November 2018. The Management Board of STS Group AG (ISIN: DE000A1TNU68), decided today with approval of the Supervisory Board to launch a share buyback program of up to EUR 1 million (excluding incidental acquisition costs) using the authorization granted by the Annual General Meeting on 3 May 2018 ("Share Buyback Program 2018/I"). In the period from 22 November 2018 to 21 Mai 2019, a total of up to 50,000 treasury shares are to be repurchased under the 2018/I share buyback program.
The share buyback will take place in accordance with the safe harbour provisions of Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and Council of 16 April 2014 in conjunction with the provisions of Comission Delegate Regulation (EU) 2016/1052 of 8 March 2016.
Further details will be announced seperately by the Company before the start of the 2018/I share buyback program.
For further information please contact:
STS Group AG
CROSS ALLIANCE communication GmbH
Tel.: +49 (0)89 89827227
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