Energiekontor AG Resolves to Buy Back Shares

Bremen, 30 May 2024 – The Management Board of Energiekontor AG has decided to implement a new share buyback program, which has also been approved by the company's Supervisory Board. The previous buyback, which commenced on 30 May 2023, is now formally concluded.

Under the authorization of the Annual General Meeting held on 20 May 2020, Energiekontor plans to repurchase up to 80,000 treasury shares between 30 May 2024 and 19 May 2025. The buyback is capped at a total purchase price of 9 million euros and will occur on the stock exchange.

Quirin Privatbank AG will facilitate the share buyback in compliance with the safe harbour provisions. The bank will independently determine the timing of share acquisitions. The purchase price per share will vary within a 10 percent range above or below the average closing price from the previous three trading days on the Frankfurt Stock Exchange.

All repurchased shares will be used for legally permissible purposes, and transaction updates will be available weekly on the company's website.