EQS-Adhoc: AUSTRIACARD HOLDINGS AG RESOLVES TO IMPLEMENT A SHARE BUY-BACK PROGRAM

EQS-Ad-hoc: AUSTRIACARD HOLDINGS AG / Key word(s): Share Buyback
   AUSTRIACARD HOLDINGS AG RESOLVES TO IMPLEMENT A SHARE BUY-BACK PROGRAM

   18-Dec-2023 / 20:32 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group AG.
   The issuer is solely responsible for the content of this announcement.

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   EQS-Adhoc: AUSTRIACARD HOLDINGS AG  RESOLVES TO IMPLEMENT A SHARE BUY-BACK
   PROGRAM

   Public disclosure of inside information according to Art 17 MAR

   Vienna, this 18 December 2023

   The management board of AUSTRIACARD HOLDINGS AG (the “Company”) resolved
   today to implement a share buy-back program for own shares (the “Share
   Buy-Back Program”) on the basis of the authorization resolution pursuant
   to Sec 65 para 1 no 4 and 8 Austrian Stock Corporation Act of the annual
   general meeting held on 30 June 2023, which was published on 30 June 2023.
   The supervisory board of AUSTRIACARD HOLDINGS AG approved the
   implementation of the Share Buy-Back Program by resolution passed today.

   The Share Buy-Back Program is conducted in order to acquire own shares for
   remuneration purposes, i.e. transferring shares to employees, senior
   executives, as well as members of the management board of the Company or
   its subsidiaries in accordance with the authorization resolution of the
   annual general meeting of 30.6.2023.

   The share buy-backs are carried out by PIRAEUS SECURITIES S.A. via the
   stock exchange and multilateral trading facilities (MTFs). PIRAEUS
   SECURITIES S.A. makes its decision on the time of acquisition
   independently and without influence from AUSTRIACARD HOLDINGS AG and must
   comply with the trading conditions pursuant to Art 3 of Commission
   Delegated Regulation (EU) 2016/1052 of 8 March 2016.

   The maximum volume of the Share Buy-Back Program amounts to up to 727,077
   own shares (corresponding to approx. 2% of the current total share
   capital), the share buy-back under the Share Buy-Back Program will start
   on 22 December 2023 and is anticipated to continue up to (including)
   21 June 2024.

   In accordance with the resolution of the annual general meeting held on
   30 June 2023, the consideration to be paid per share when acquiring shares
   must (i) not be lower than EUR 1 (i.e., the calculated proportion of the
   share capital per share), and (ii) not be more than 20% above the
   volume-weighted average price of the last 20 trading days preceding the
   respective purchase. Additionally, the management board has determined a
   maximum price of EUR 12 per share.

   The maximum total consideration under the Share Buy-Back Program amounts
   to EUR 5,816,616.

   The share buy-backs are carried out within the framework of the safe
   harbor rule pursuant to Art 5 of the Market Abuse Regulation.

   The Share Buy-Back Program does not have any effects on the listing of the
   shares.

   The details of the Share Buy-Back Program, details of the transactions
   carried out under the Share Buy-Back Program and any changes to the Share
   Buy-Back Program will be published in accordance with valid legislation
   and on the website of AUSTRIACARD HOLDINGS AG under
   [1]https://www.austriacard.com/investor-relations-ac/

   This announcement is not a public offer to purchase shares of AUSTRIACARD
   HOLDINGS AG and does not impose any obligations on AUSTRIACARD HOLDINGS AG
   or any of its subsidiaries to accept offers to buy back shares of
   AUSTRIACARD HOLDINGS AG.

   ABOUT AUSTRIACARD HOLDINGS AG

   AUSTRIACARD HOLDINGS AG, headquartered in Vienna, with an international
   presence, is one of the leading providers of Secure Digital Technology
   Solutions in Europe. 

   AUSTRIACARD HOLDINGS AG is the one of the leading B2B providers of smart
   cards, personalization and payment solutions, as well as secure data
   management and digitalization solutions, in Austria, Scandinavia, Central
   and Eastern Europe and South Eastern Europe, while also having significant
   market share in many other European countries and Türkiye. The group is
   expanding fast in geographical areas outside Europe, such as the USA where
   it has established a new personalization center, and the Middle East &
   Africa where sales units have been developed that have already drawn
   significant new business. In addition, the company has become a payment
   products and solutions partner of choice for challenger banks/neo banks, a
   growing market segment world-wide.

   The company has a very strong pan-European operational footprint, reaching
   from the United Kingdom to Greece and Türkiye, with seven production
   facilities and seven personalization centers in Europe, as well as an
   additional personalization center in USA, employing currently around 2,500
   people. It also has sales offices in Norway, Czech Republic, Germany,
   Croatia, Serbia, Jordan, the UAE and a network of partners and selling
   agencies around the world. This footprint enables the provision of a high
   service level to our customers, confirmed by the very long-lasting
   business relationships. The group’s international customer base benefits
   from a complementary product and services and solutions offering ranging
   from bill printing, direct mailing and document processing to payment,
   transit and ID cards increasingly bundled with online, mobile and
   digitalization transformation solutions.

    

   Issuer:   AUSTRIACARD HOLDINGS AG
                Lamezanstraße 4-8
                1230 Vienna
                Austria
   Contact person: Dimitris Tzelepis
   Tel.:                   +43 1 61065 - 357
   E-Mail:                d.tzelepis@austriacard.com
   Website:              www.austriacard.com
   ISIN(s):   AT0000A325L0
   Stock Exchange(s): Vienna Stock Exchange (prime market) 
                                 Athens Exchange (main market)

   End of Inside Information

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   18-Dec-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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   Language:    English
   Company:     AUSTRIACARD HOLDINGS AG
                Lamezanstraße 4-8
                1230 Vienna
                Austria
   E-mail:      ac.contact@austriacard.com
   Internet:    https://www.austriacard.com/
   ISIN:        AT0000A325L0
   WKN:         A3D5BK
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1799429


    
   End of Announcement EQS News Service


   1799429  18-Dec-2023 CET/CEST

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