Purchase of own shares according to article 5 MAR / art. 2 Regulation (EU) 2016/1052
Frequentis AG: FREQUENTIS AG terminates share repurchase programme
Vienna, Austria (pta031/13.11.2023/20:44 UTC+1)
On 17 August 2023, 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 authorization of the General Meeting dated 2 June 2022. Such resolution and further details on the repurchase programme have been publicly disclosed on 17 August 2023 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 13 November 2023.
Summary of the repurchase programme:
| Total volume repurchased | 17,500 shares |
| Percentage of share capital | approx. 0.13% |
| Highest price per share | EUR 31.60 |
| Lowest price per share | EUR 27.00 |
| Weighted average price per share | EUR 29.1125 |
| Total value of shares repurchased | EUR 509,468.36 |
| Termination of repurchase programme | 13 November 2023 |
Details on the individual transactions of the share repurchase can be found on the website at www.frequentis.com > Investor Relations > Share > Share Repurchase 2023.
About FREQUENTIS
Frequentis is a global supplier of communication and information systems for control centres with safety-critical tasks. The listed family company develops and markets its "control centre solutions" in the Air Traffic Management segment (civil and military air traffic control, air defence) and the Public Safety & Transport segment (police, fire brigades, emergency rescue services, railways, coastguards, port authorities). With a market share of 30%, Frequentis is the world market leader in voice communication systems for air traffic control. Frequentis is also the global leader in aeronautical information management and aeronautical message handling systems.
As a global player with around 2,200 employees (full-time equivalents/FTE), Frequentis has a global network of companies and representatives in more than 50 countries. Its head office is in Vienna, Austria. Frequentis' products, services, and solutions are used at more than 45,000 operator working positions in around 150 countries. Shares in Frequentis are traded on the Vienna and Frankfurt stock exchanges; ISIN: ATFREQUENT09, WKN: A2PHG5. In 2022, revenues were EUR 386.0 million and EBIT was EUR 25.0 million.
Wherever Frequentis' systems are used, safety-critical operators bear responsibility for the safety of other people and goods. The company also works towards a more sustainable future through its air traffic optimisation solutions.
For more information, please visit www.frequentis.com
Barbara Fuerchtegott, Head of Communications/Company Spokesperson
barbara.fuerchtegott@frequentis.com, +43 1 81150-4631
Stefan Marin, Head of Investor Relations
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 |