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Brockhaus Technologies AG
ISIN: DE000A2GSU42
WKN: A2GSU4
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Brockhaus Technologies AG · ISIN: DE000A2GSU42 · EQS - adhoc news (81 News)
Country: Germany · Primary market: Germany · EQS NID: 1778863
22 November 2023 07:34AM

Resolution passed on a public share buyback offer


EQS-Ad-hoc: Brockhaus Technologies AG / Key word(s): Share Buyback
Brockhaus Technologies AG: Resolution passed on a public share buyback offer

22-Nov-2023 / 07:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


NOT FOR TRANSMISSION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA OR IN ANY JURISDICTION WHERE SUCH TRANSMISSION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

Public disclosure of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014

---------------------------------------------------------

Brockhaus Technologies AG: Resolution passed on a public share buyback offer

Frankfurt am Main, November 22, 2023.

The management board of Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42, “Brockhaus Technologies” or "Company") has resolved today, with the approval of the Supervisory Board, to make a public share buyback offer to the shareholders of the Company for a total of up to 500,000 shares at a price of EUR 22.00 per share. The volume of the share buyback offer is thus up to EUR 11,000,000.00 in total. Shareholders of the Company may tender into the share buyback offer during the period from November 22, 2023 to December 4, 2023 (both inclusive).

With the public share buyback offer resolved today, the Company is exercising the authorization granted by its Annual General Meeting on June 22, 2022 (“Authorization”) to repurchase shares in the amount of up to 10% of the Company's share capital until June 21, 2027. The shares bought back may be used for all purposes permitted under the Authorization. If the share buyback offer were to be executed in full, the Company would hold a total of 500,000 treasury shares. This corresponds to around 4.57% of the Company's share capital.

The share buyback offer will be executed under the terms and conditions contained in the offer document. The offer document will be published today on the Company's website (https://ir.brockhaus-technologies.com) under the heading "Investor Relations – Share Buyback Offer" and subsequently in the Federal Gazette (Bundesanzeiger) at https://www.bundesanzeiger.de.

Important note

This communication may not be published, distributed or transmitted in or into the United States of America. This communication is not directed to, or intended for distribution to or use by, any person who is a citizen or resident of, or located in, any state, country or other jurisdiction where such distribution, publication, access or use would be contrary to law or would require registration or authorization in any such jurisdiction.

This announcement does not constitute an offer to purchase securities or the solicitation of an offer to purchase any securities of Brockhaus Technologies AG. The terms and conditions and other provisions relating to the public share buyback offer are set out in the offer document, which has neither been submitted for review to nor approved by BaFin. The share buyback offer does not comply with the requirements of the German Securities Acquisition and Takeover Act (WpÜG). Holders of shares in Brockhaus Technologies AG are strongly advised to read the offer document and, if necessary, to seek independent advice with respect to the matters contained therein.

The dissemination, publication or distribution of this announcement may be subject to legal restrictions in jurisdictions outside the Federal Republic of Germany. Persons resident in or subject to the laws of any other jurisdiction should inform themselves about and observe any applicable requirements.

 

Contact:

Brockhaus Technologies – Paul Göhring

Phone: +49 69 20 43 40 90

Fax: +49 69 20 43 40 971

E-Mail: ir@brockhaus-technologies.com



End of Inside Information

22-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Brockhaus Technologies AG
Thurn-und-Taxis-Platz 6
60313 Frankfurt am Main
Germany
Phone: +49 (0)69 2043 409 0
Fax: +49 (0)69 2043 409 71
E-mail: info@brockhaus-technologies.com
Internet: https://www.brockhaus-technologies.com/
ISIN: DE000A2GSU42
WKN: A2GSU4
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1778863

 
End of Announcement EQS News Service

1778863  22-Nov-2023 CET/CEST

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