The Management Board of Elmos Semiconductor AG (FSE: ELG), Dortmund, Germany, announced a stock repurchase program totaling 21,108,689 Euro (excluding transaction costs) on December 14, 2018. The price of a single share may not exceed 21.00 Euro (excluding transaction costs). A total of up to 1,005,176 own shares (around 5.0% of the current share capital of the company) are to be bought back.
The Management Board of Elmos Semiconductor AG has now, on March 26, 2019, passed a resolution – in compliance with the applicable laws and in regard to the upcoming Annual General Meeting of Elmos Semiconductor AG on May 15, 2019 – to suspend the stock repurchase program 2018/2019 from May 6, 2019, 00:00, until May 20, 2019, 24:00, and to resume the program on May 21, 2019, 00:00.
As announced on December 14, 2018, the stock repurchase program will end by December 31, 2019, at the latest.
The applicable conditions for the stock repurchase program are those published in the announcement of December 14, 2018.
Elmos develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient.
Elmos Semiconductor AG, Thalea Blunk, Heinrich-Hertz-Str. 1, 44227 Dortmund/Germany, Telephone: +49 231-7549-0, Direct line: -273, Fax: +49 231-7549-111, firstname.lastname@example.org, www.elmos.com