DGAP-Ad-hoc: CENTROTEC Sustainable AG / Key word(s): Share Buyback
AD HOC ANNOUNCEMENT
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Ad-hoc: Centrotec Sustainable AG resolves on public share buyback offer for up to 1.625.645 shares
Brilon, Germany, August 26, 2019 - The management board of Centrotec Sustainable AG (ISIN DE0005407506 / WKN 540750) resolved today, with the approval of the supervisory board, to purchase up to 1.625.645 shares of the company (corresponding to a maximum of up to 10 % of the company's current share capital) by means of a voluntary public share buyback offer against payment of an offer price in the amount of EUR 12,60 per no-par value share.
With this public share buy-back offer, the management board makes use of the authorization granted by the general meeting on June 18, 2019 in accordance with Sect. 71 para. 1 item 8 of the German Stock Corporation Act (Aktiengesetz) to acquire own shares. With this share buyback, the management board pursues a balanced use of the comparatively high, freely available cash resources, which will therefore in part benefit the shareholders of Centrotec. The management board intends to cancel the acquired treasury shares.
The offer period will commence on August 29, 2019, 00:00 (CEST) and is expected to end on September 13, 2019, 24:00 (CEST). If more than 1.625.645 shares are tendered for buyback under this buyback offer, the declarations of acceptance will be considered proportionally, i.e. in the ratio of the tendered shares (tender ratio). Further details on the public share buyback offer and its settlement can be found in the offer document, which will be published on the company's website (www.centrotec.com) in the section "Investor Relations - Share Buyback 2019" on August 29, 2019, as well as subsequently in the German Federal Gazette under www.bundesanzeiger.de.
This release may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. This release is not directed to or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.
Neither this release nor its content may be published, dispatched, distributed or disseminated within the United States of America, and in each case neither by means of utilization of any postal service nor by any other means or instruments of business communication between single states or foreign trade or any facilities of a national stock exchange of the United States of America. This includes, among others, submission by fax, electronic post, telex, telephone and the internet. Copies of this release or any other documents related to this release may also not be distributed or submitted to or within the United States of America.
This release does not constitute an offer of to purchase securities nor a solicitation of an offer to purchase securities of the company in the United States, Germany or any other jurisdiction.
To the extent this release contains forward-looking statements, such statements are based on the current views, expectations and assumptions of the management of Centrotec Sustainable AG and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations and competition from other companies, changes in international and national laws and regulations, in particular with respect to tax laws and regulations which affect Centrotec Sustainable AG, and other factors. Centrotec Sustainable AG does not assume any obligations to update any forward-looking statements.
26-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||CENTROTEC Sustainable AG|
|Am Patbergschen Dorn 9|
|Phone:||+49 (0)2961 96631-0|
|Fax:||+49 (0)2961 96631-100|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||863321|
|End of Announcement||DGAP News Service|
863321 26-Aug-2019 CET/CEST