According to a resolution of the Annual General Meeting 2019 empowering the management board of ams AG to buy up to 10% of own outsanding shares, ams AG launched a share repurchase program for up to 5.0% of the issued share capital. The share repurchase program started on 8 April 2020 and has been upheld until 24 April 2020. The purpose of the new share repurchase program was to repurchase the necessary shares to service obligations under longterm employee incentive programs. The management board is empowered to use the repurchased shares to the purpose of covering option exercises under employee stock option plans, as compensation for acquisitions of businesses, for the cancellation of such shares and/or for resale.
The repurchase of own shares has been executed via the ordinary trading line on SIX Swiss Exchange at market price.
ISIN: AT0000A18XM4, Ticker: AMS
In compliance with Swiss and Austrian regulations, ams AG makes the following information available regarding its share buy-back activity:
Maximal daily repurchase volume
1,599,996 shares (calculated in accordance with Art. 123 para. 1 lit. c Financial Market Infrastructure Ordinance ("FMIO")