Zumtobel – Ad hoc Announcement: Announcement of a Buyback Programme for the Purchase of Treasury Shares of Zumtobel Group AG FN 62309 G

The Management Board of Zumtobel Group AG today, with the consent of the Supervisory Board, approved the repurchase of shares of Zumtobel Group AG over the stock exchange during the period from 11 December 2023 (inclusive) and presumably up to 31 January 2025 (inclusive). 

This share buyback is based on an authorisation of the 47th General Meeting on 28 July 2023 in accordance with § 65 (1) no. 8 of the Austrian Stock Corporation Act and was publicly announced on 28 July 2023 via an electronic information dissemination system and at the same time under https://z.lighting/en/group/investor-relations/shareholder-meetings/. The share buyback will be executed at the lowest countervalue payable on repurchase, but not less than 30% below the average nonweighted closing price on the stock exchange during the last 20 trading days prior to 11 December 2023 and not exceeding 30% over the highest the average non-weighted closing price on the stock exchange during the last 20 trading days prior to 11 December 2023.

This share buyback covers up to one million shares, representing up to approximately 0.92% of the share capital of Zumtobel Group AG.

A financial institution will be commissioned to execute the share buyback. This financial institution will take its decisions over the timing of the purchase of shares of Zumtobel Group AG independent of Zumtobel Group AG and in accordance with the trading guidelines defined by Article 3 of the Delegated Regulation (EU) 2016/1052 of the Commission from 8 March 2016.

Conditions for the share buyback programme

Date of the authorising resolution by the General Meeting pursuant to § 65 (1) no. 8 of the Austrian Stock Corporation Act: 28 July 2023 (resolution publicly announced on 28 July 2023 via an electronic information dissemination system and under https://z.lighting/en/group/investor-relations/shareholder-meetings/)

Start and probable duration: 11 December 2023 (inclusive) and presumably up to 31 January 2025 (inclusive)

Class of shares: Bearer shares (ISIN: AT0000837307)

Intended volume: Up to one million shares, representing up to approximately 0.92% of the current share capital of Zumtobel Group AG

Maximum price limit per share (highest countervalue): 30% over the highest the average non-weighted closing price on the stock exchange during the last 20 trading days prior to 11 December 2023

Lower price limit per share (lowest countervalue): 30% below the average non-weighted closing price on the stock exchange during the last 20 trading days prior to 11 December 2023

Form of repurchase: Over the stock exchange

Purpose of repurchase: Every purpose permitted by § 65 (1) no. 8 of the Austrian Stock Corporation Act

Possible impact of the share buyback programme on the listing of the shares: None

The repurchase of shares will be executed by a financial institution, which will take its decisions over the timing of the share purchases independent of the Company and in accordance with the trading guidelines defined in Article 3 of the DelVO for share buyback programmes (Delegated Regulation (EU) 2016/1052 of the Commission from 8 March 2016).

Note: Details on the transactions carried out within the framework of the share buyback programme and any changes in the share buyback programme will be published on the website of Zumtobel Group AG: https://z.lighting/en/group/investor-relations/zumtobel-group-shares/

Note: This announcement serves as a publication pursuant to §§ 4 and 5 of the Austrian Publication Ordinance from 2018. This announcement does not represent a public offer to purchase Zumtobel Group AG shares and does not establish a commitment for the Zumtobel Group to repurchase Zumtobel Group AG shares.