Premstaetten, Austria (27 April 2020) -- ams AG (SIX: AMS), a leading worldwide supplier of high performance sensor solutions, announces that, based on the current outstanding number of 274,289,280 bearer shares, the maximum repurchase volume under the current share repurchase program of max. 5% or 13,714,464 bearer shares has been achieved and the repurchase program has been completed.
In line with the resolution by the Annual General Meeting on 5 June 2019, the purpose of the share repurchase program was to repurchase the necessary shares to service obligations under long-term employee incentive programs.
The repurchase of ams’ own shares has been executed via the ordinary trading line on SIX Swiss Exchange at market price. Bank Vontobel AG was mandated to execute the share buyback program. The repurchase program started on 8 April 2020 and has been upheld until 24 April 2020. The conditions set forth by Circular No. 1 of the Swiss Takeover Board have been complied with.