Kontron AG (SANT.DE,KTN.DE), an Austria-based technology company, said Wednesday that it has approved a new share buyback program to repurchase up to 2.9 million shares, representing approximately 4.54% of its share capital, for 50 million euros.
The company said the Share Buyback Program in 2026 is scheduled to commence on March 26 and run through September 30 at the latest.
Kontron said the buyback price will be capped at 24 euros per share and will not deviate by more than 10% above or below the average share price over the previous five trading days.
The company added that the repurchased shares may be used for purposes authorized by shareholders at the annual general meeting in June 2025.
Kontron AG is currently trading 7.08% higher at EUR 20.62 on the XETRA.
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