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S&T AG: Deadline for subscription for former Kontron shareholders is September 26, 2017
Linz
(pta028/20.09.2017/16:55 UTC+2)
S&T AG (www.snt.at) is pointing out to former Kontron shareholders - who are now those of S&T Deutschland Holding AG - that the term of subscription for the offer to exchange consideration consigned for S&T shares expires on September 26, 2017.
S&T Deutschland Holding AG shareholders not accepting the offer to consign consideration made by S&T or to receive compensation in cash will remain shareholders of S&T Deutschland Holding AG, which is not publicly listed and which is to be renamed Kontron S&T AG.
The offer for the consignment of consideration made by S&T AG provides shareholders of S&T Deutschland Holding AG with the option of exchanging 39 S&T Deutschland Holding AG shares (that corresponds to 39 Kontron AG shares prior to the merger) for 10 S&T AG shares and for an additional payment of 15 cents per share of S&T AG received. The requisite compensation for fractions is to take place in cash on the basis of Eur3.11 per S&T Deutschland Holding AG share. To obtain this, shareholders have to issue written instructions to their banks of securities deposit accounts by September 26, 2017.
In association with the offer to consign consideration made by S&T AG, a securities brochure was compiled. This was approved by Austria's FMA Financial Markets Supervisory Authority. Notification of such was registered in Germany. A supplement to the brochure was approved by FMA, in its capacity of being the official body responsible for doing such, according to KMG. The brochure and any supplements are retrievable on S&T AG's Website (http://snt.at/investor_relations/Sachkapitalerhoehung_2017.php).
Offers not comprised in the one for the consignment of consideration and the one for the payment of compensation in cash by S&T AG - such as the one from Taunus Capital Management from Frankfurt on September 11, 2017 - have not been approved by the company. Questions are to be addressed to the Investor Relations Department at 'investor@kontron.com'. Further information is available at 'https://www.kontron.com/merger'.
On S&T AG
S&T AG (www.snt.at) heads a technology group that employs some 3,700 persons and that operates in more than 25 countries around the world. S&T AG is listed on the Frankfurt Stock Exchange (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT). S&T forms part of the Exchange's TecDAX index of high techs. S&T is a leading supplier in Central and Eastern Europe of IT systems and of the services and solutions comprised in them. S&T's taking in 2016 of a stake in Kontron AG - one of the leaders on the world's market for embedded computers - has enhanced its portfolio of proprietary technologies used in the fields of appliances, cloud security, software and smart energy. This move has made S&T one of the leading suppliers on the international markets for Industry 4.0 and IoT (Internet of Things) technologies.
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Emitter: |
S&T AG Industriezeile 35 4021 Linz Austria |
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Contact Person: | Alexandra Habekost | |
E-Mail: | investor@kontron.com | |
Website: | www.snt.at | |
ISIN(s): | AT0000A0E9W5 (Share) DE000A1HJLL6 (Bond) | |
Stock Exchange(s): | Regulated Market in Frankfurt |