Kontron S&T AG
Supervisory board of Kontron AG approves conclusion of a Merger Agreement
Kontron AG / Key word(s): Mergers & Acquisitions Augsburg, May 2, 2017 – Kontron, a leading global provider of Embedded Computing Technology (ECT), announces that today, the supervisory board of Kontron AG has approved the conclusion of a merger agreement between Kontron AG and S&T Deutschland Holding AG (“Merger Agreement”). Today, the supervisory board of S&T Deutschland Holding AG has likewise approved the conclusion of the Merger Agreement. The notarization of the Merger Agreement is planned to take place on May 3, 2017. The Merger Agreement is subject to the approvals of the general meetings of Kontron AG and S&T Deutschland Holding AG. The respective general meetings take place on June 19, 2017 and June 20, 2017, respectively. It is planned that shareholders of Kontron AG, who do not choose the cash compensation offered by S&T Deutschland Holding AG within the merger but exchange their Kontron AG-shares in S&T Deutschland Holding AG-shares, receive by S&T AG, Linz (Austria), an offer to contribute these shares into S&T AG, Linz (Austria), within the scope of a non-cash capital increase and thus exchange such shares in shares of TecDAX listed S&T AG, Linz (Austria). For this purpose, S&T AG, Linz (Austria), has today taken a decision in principle on a non-cash capital increase, excluding subscription rights of the existing shareholders. The exact exchange ratio and the amount of the additional cash compensation are currently being determined, will be resolved subsequently be published timely before the annual general meeting of Kontron AG on June 19, 2017. ### Contact: Alexandra Habekost Head of Investor Relations Kontron AG Tel: +49 (0) 821 4086 114 Alexandra.Habekost@kontron.com
02-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Kontron AG |
Lise-Meitner-Straße 3-5 | |
86156 Augsburg | |
Germany | |
Phone: | 00498214086114 |
Fax: | 00498214086122 |
E-mail: | Alexandra.Habekost@kontron.com |
Internet: | www.kontron.com |
ISIN: | DE0006053952 |
WKN: | 605395 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |