Energiekontor AG resolves to buy back shares

Bremen, 30 May 2024 – The Management Board of Energiekontor AG resolved a further share buyback today. The move was also approved by the company’s Supervisory Board. The following resolutions were passed in detail:

1. The share buyback carried out on the basis of the Management Board and Supervisory Board resolutions of 17 May 2023, which began on 30 May 2023 and was interrupted on 28 March 2024, will not be resumed and has therefore ended.
2. On the basis of the authorisation granted by the Annual General Meeting on 20 May 2020, the company is to buy back up to 80,000 treasury shares in the period from 30 May 2024 until 19 May 2025 at the latest, whereby the buyback is limited to such a number of shares or to a maximum total purchase price of 9,000,000 euros. The shares will be purchased on the stock exchange.
3. The buyback is to be carried out by Quirin Privatbank AG in accordance with the safe harbour provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. The intention is that Quirin Privatbank AG will make the decisions on the timing of the acquisition of the shares independently of and uninfluenced by the company.
4. The consideration paid per share (excluding incidental acquisition costs) may not be more than 10 percent higher or lower than the average closing price for shares of the same class determined on the Frankfurt Stock Exchange during the last three trading days prior to the acquisition of the shares.
5. The acquired shares are to be used for all legally permissible purposes.
6. All transactions are published weekly on the company's website at https://www.energiekontor.de/en/investor-relations/share-buyback.html once they have been executed.

Contact

Julia Pschribülla
Head of Investor & Public Relations
Phone: +49 (0)421-3304-126
Email: ir@energiekontor.com

Energiekontor AG
Mary-Somerville-Strasse 5
28359 Bremen
Germany

Phone: +49 (0)421-3304-0
Fax: +49 (0)421-3304-444
Email: info@energiekontor.de
Web: www.energiekontor.de/en/index.html