Kontron AG Discloses Potential Public Takeover Bid by Ennoconn Corporation
- Kontron has been informed by its largest shareholder, Ennoconn Corporation, that Ennoconn’s board of directors has authorised Ennoconn to cross the 30% shareholding threshold in Kontron (excluding treasury shares) and thereby trigger a mandatory takeover offer obligation. This authorisation was granted in part in light of Kontron’s ongoing Share Buyback Programme I 2026, which is moving Ennoconn closer to the 30% threshold.
- Based on the information received, Ennoconn is currently giving serious consideration to crossing the 30% threshold, whether passively because of Kontron’s ongoing share buyback or actively through the purchase of additional shares. In case of triggering a mandatory takeover offer obligation, Ennoconn contemplates offering a price of EUR 23.50 per share in the mandatory takeover offer.
- Kontron will evaluate and comment on a potential mandatory takeover offer, especially the offer price, as required by law.
- In compliance with the legal obligation to not impede a potential mandatory offer, Kontron will adjust the price cap under its pending Share Buyback Programme I 2026 from EUR 24 to EUR 23.50.
