Purchase of own shares according to article 5 MAR / art. 2 Regulation (EU) 2016/1052
Frequentis AG: FREQUENTIS AG terminates share repurchase programme
Vienna (pta052/06.05.2021/19:00 UTC+2)
On 8 April 2021, the Executive Board of Frequentis AG resolved to carry out a share repurchase programme pursuant to Section 65 Para 1 No. 4 and 8 of the Austrian Stock Corporation Act (AktG) based on the existing authorisation of the General Meeting dated 20 September 2019. Such resolution and further details on the repurchase programme were publicly disclosed on 8 April 2021 in accordance with Article 17 of the Regulation (EU) 596/2014.
The Executive Board of Frequentis AG hereby gives notice that the repurchase programme was terminated as planned on 6 May 2021.
Summary of the repurchase programme:
| Total volume repurchased | 15,500 shares |
| Percentage of share capital | approx. 0.12% |
| Highest price per share | EUR 25.40 |
| Lowest price per share | EUR 22.60 |
| Weighted average price per share | EUR 24.0706 |
| Total value of shares repurchased | EUR 373,094.00 |
| Termination of repurchase programme | 6 May 2021 |
Details on the individual transactions of the share repurchase can be found on the website at www.frequentis.com > Investor Relations > Share > Share Repurchase 2021.
About FREQUENTIS
Frequentis, headquartered in Vienna, is an international supplier of communication and information systems for control centres with safety-critical tasks. Such 'control centre solutions' are developed and marketed by Frequentis in the business sectors Air Traffic Management (civil and military air traffic control, air defence) and Public Safety & Transport (police, fire brigade, ambulance services, shipping, railways). As a global player, Frequentis operates a worldwide network of branches, subsidiaries and local representatives in more than 50 countries.
Products and solutions from Frequentis can be found in over 35,000 operator working positions and in approximately 150 countries.
Founded in 1947, Frequentis considers itself to be the global market leader in voice communication systems for air traffic control with a market share of around 30%. In addition, the Frequentis Group's AIM (aeronautical information management) and AMHS (aeronautical message handling) systems, as well as GSM-R systems for Public Transport are industry leading global solutions.
The shares of Frequentis AG are traded on the Vienna and Frankfurt Stock Exchange under the ticker symbol FQT (ISIN: ATFREQUENT09). In 2020, the Frequentis Group had about 1,900 employees worldwide and generated revenues of EUR 299.4 million and EBIT of EUR 26.8 million.
For more information, please visit www.frequentis.com
Brigitte Gschiegl, Director Corporate Communications, Frequentis AG,
brigitte.gschiegl@frequentis.com, +43 1 81150-1301
Stefan Marin, Head of Investor Relations, Frequentis AG,
stefan.marin@frequentis.com, +43 1 81150-1074
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| Emitter: |
Frequentis AG Innovationsstraße 1 1100 Wien Austria |
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|---|---|---|
| Contact Person: | Stefan Marin | |
| Phone: | +431811501074 | |
| E-Mail: | stefan.marin@frequentis.com | |
| Website: | www.frequentis.com | |
| ISIN(s): | ATFREQUENT09 (Share) | |
| Stock Exchange(s): | Vienna Stock Exchange (Official Trade) | |
| Other Stock Exchanges: | Regulierter Markt in Frankfurt |