21.11.2018 08:24:51

DGAP-Adhoc: STS Group AG decides on share buyback program in the amount of up to EUR 1 million

DGAP-Ad-hoc: STS Group AG / Key word(s): Share Buyback
STS Group AG decides on share buyback program in the amount of up to EUR 1 million

21-Nov-2018 / 08:24 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.

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
Zeppelinstrasse 4
85399 Hallbergmoos
www.sts.group

Investor Relations
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 (0)89 89827227
E-Mail: sh@crossalliance.com

 

21-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: STS Group AG
Zeppelinstraße 4
85399 Hallbergmoos
Germany
Phone: +49 (0)811 124494 0
E-mail: ir@sts.group
Internet: https://sts.group
ISIN: DE000A1TNU68
WKN: A1TNU6
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange

 
End of Announcement DGAP News Service

749159  21-Nov-2018 CET/CEST

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