AUSTRIACARD HOLDINGS AG Initiates New Share Buy-Back Program

AUSTRIACARD HOLDINGS AG has unveiled a new share buy-back initiative, dubbed the Share Buy-Back Program III. Authorized by the annual general meeting on June 30, 2023, this program allows the company to purchase its own shares for remuneration purposes. The initiative, starting January 10, 2025, aims to acquire up to 727,077 shares, representing about 2% of the total share capital.

The buy-backs will be conducted by PIRAEUS SECURITIES S.A. and adhere strictly to EU trading conditions. Each purchase will respect a price range from EUR 1 to no more than 20% above the average price of the previous 20 trading days. The total maximum consideration is set at EUR 5,816,616.

This program does not affect the stock listing, and all transactions will be disclosed per legislative requirements and on the company's website. The buy-back is compliant with the safe harbor rule as per Art 5 of the EU Market Abuse Regulation.