Elmos Semiconductor AG / Temporary suspension of stock repurchase program
2018/19 via stock exchange during dividend payment
26.03.2019 / 16:54
Dissemination of a Post-admission Duties announcement transmitted by DGAP -
a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Elmos Semiconductor AG / Announcement pursuant to Art. 2 (1) of the
Delegated Regulation (EU) No 2016/1052 of the Commission from March 8,
2016 / Stock repurchase program
The Management Board of Elmos Semiconductor AG (FSE: ELG), Dortmund,
Germany, announced a stock repurchase program totaling 21,108,689 Euro
(excluding transaction costs) on December 14, 2018. The price of a single
share may not exceed 21.00 Euro (excluding transaction costs). A total of
up to 1,005,176 own shares (around 5.0% of the current share capital of the
company) are to be bought back.
The Management Board of Elmos Semiconductor AG has now, on March 26, 2019,
passed a resolution - in compliance with the applicable laws and in regard
to the upcoming Annual General Meeting of Elmos Semiconductor AG on May 15,
2019 - to suspend the stock repurchase program 2018/2019 from May 6, 2019,
00:00, until May 20, 2019, 24:00, and to resume the program on May 21,
2019, 00:00.
As announced on December 14, 2018, the stock repurchase program will end by
December 31, 2019, at the latest.
The applicable conditions for the stock repurchase program are those
published in the announcement of December 14, 2018.
About Elmos
Elmos develops, produces and markets semiconductors and sensors, primarily
for use in the automotive industry. Our components communicate, measure,
regulate and control safety, comfort, powertrain and network functions. For
over 30 years, Elmos innovations have been bringing new functions to life
and making mobility worldwide safer, more comfortable and more energy
efficient.
Contact
Elmos Semiconductor AG, Thalea Blunk, Heinrich-Hertz-Str. 1, 44227
Dortmund/Germany, Telephone: +49 231-7549-0, Direct line: -273, Fax: +49
231-7549-111, invest@elmos.com, www.elmos.com
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Language: English
Company: Elmos Semiconductor AG
Heinrich-Hertz-Str. 1
44227 Dortmund
Germany
Internet: http://www.elmos.com
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