Energiekontor decides to cancel shares
DGAP-News: Energiekontor AG / Key word(s): Corporate Action/Share Buyback
06.05.2021 / 16:31
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- New share capital: EUR 14,124,638
- Share buyback suspended until Annual General Meeting
By resolution of the ordinary general meetings of Energiekontor AG on 21 May 2015, the Executive Board was authorised pursuant to Section 71 (1) no. 8 of the German Stock Corporation Act (AktG) to acquire and redeem treasury shares of the Company of up to 10 percent of the share capital without the redemption or its implementation requiring a further resolution of the general meeting. On the basis of this authorisation, the Company had acquired 377,144 no-par value bearer shares of the Company on the stock exchange by 8 May 2020. Using the authorisation reproduced above, the Executive Board had resolved on 30 September 2020, with the approval of the Supervisory Board on the same day, to reduce the share capital of the Company from € 14,678,160.00
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