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Share buyback

Notice pursuant to Article 5(1)(a) of Regulation (EU) No 596/2014 in conjunction with Article 2(1) of delegated Regulation (EU) 2016/1052

ISIN: EN0005313506

The share buyback programme announced by Energiekontor AG in an ad hoc announcement on April 3, 2019 will start on April 23, 2019 and is to be completed by May 19, 2020 at the latest. A securities house or bank is instructed to buy back a maximum of 300,000 shares of the Company, whereby the buyback is, however, limited to such a number of shares or to a total purchase price of EUR 9,000,000. The sole purpose of the share buyback is to reduce the capital. The Management Board thus makes use of the authorization granted by the Annual General Meeting of May 21, 2015 to buy back own shares pursuant to § 71 (1) no. 8 AktG.

The securities house or bank has been instructed to buy back the shares exclusively on the stock exchange, independently and uninfluenced by the Company. The right of the Company to terminate the mandate with the investment firm at any time and to instruct another investment firm or an investment bank remains unaffected. The purchase price offered per share (excluding incidental acquisition costs) may not be more than 10 % higher or lower than the average closing price on the Frankfurt Stock Exchange on the three trading days prior to the date of publication of a public offer. The buy-back will be conducted under the leadership of a credit institution in accordance with the Market Abuse Regulation and Articles 2 to 4 of the delegated Regulation (EU) 2016/1052 of the Commission of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and of the Council with regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures. The investment firm may not acquire more than 25% of the average daily turnover of shares on the stock exchange on which the respective purchase takes place on any one day. The average daily turnover of shares is calculated on the basis of the average daily trading volume during the 20 trading days preceding the date of purchase. The share buyback may be suspended and resumed at any time in accordance with the legal requirements to be observed.

The transactions will be announced in a manner complying with the requirements of Article 5 (3) of Regulation (EU) No. 596/2014 of the European Parliament and Council of 16 April 2014 in conjunction with Article 2 (2) and (3) of Delegated Regulation (EU) 2016/1052 no later than at the end of the 7th trading day following their execution and will be published, inter alia, on the Company's website at https://www.energiekontor.de/investor-relations/aktienrueckkauf.html.


Energiekontor AG


The Management Board