Ad-hoc: Mayr-Melnhof Karton Aktiengesellschaft decides on share repurchase programme

Repurchase of up to 1,000,000 shares or 5% of the share capital of Mayr-Melnhof Karton Aktiengesellschaft planned 

The Management Board of Mayr-Melnhof Karton Aktiengesellschaft has today decided, on the basis of the authorisation granted by the 30^th Annual General Meeting on 24 April 2024 pursuant to Section 65 (1) no. 8 of the Austrian Stock Corporation Act (Aktiengesetz) and published on 24 April 2024 via an electronically operated information and on 26 April 2024 via the publication platform EVI, to purchase own ordinary bearer shares of Mayr-Melnhof Karton Aktiengesellschaft at the market price via the Vienna Stock Exchange and over the counter. The repurchase over the counter is subject to the approval of the supervisory board which is expected in due time.

The share repurchase programme is scheduled to begin on 3 January 2025 (inclusive) and is expected to last until 23 December 2025 (inclusive). The lowest consideration to be paid upon repurchase may not be less than EUR 10 per share; the highest consideration to be paid upon repurchase may not exceed EUR 80 per share.

The conditions of the repurchase programme are as follows: 

• The date of the authorisation resolution of the Annual General Meeting pursuant to Section 65 (1) no. 8 of the Stock Corporation Act is 24 April 2024.
• The publication of the resolution of the Annual General Meeting took place on the company’s homepage on 24 April 2024.
• Start of the share repurchase programme: 3 January 2025; expected duration until 23 December 2025.
• The repurchase programme relates to the bearer shares of Mayr-Melnhof Karton Aktiengesellschaft (ISIN AT0000938204).
• The intention is to repurchase up to 1,000,000 shares corresponding to up to 5% of the share capital of Mayr-Melnhof Karton Aktiengesellschaft either over the Vienna Stock Exchange or in a volume of up to 600,000 shares corresponding to up to 3% of the share capital of Mayr-Melnhof Karton Aktiengesellschaft over the counter.
• The lowest consideration to be paid upon repurchase may not be less than EUR 10 per share; the highest consideration to be paid upon repurchase may not exceed EUR 80 per share.
• The repurchase will be carried out via the stock exchange and/or, in compliance with the restrictions under company law, also over the counter. The purpose of the repurchase is the purposes set out in the authorisation resolution of the Annual General Meeting of 24 April, 2024.
• Possible effects on the stock exchange admission: None

A credit institution will be commissioned to carry out the share repurchase over the stock exchange. The credit institution shall make its decision regarding the timing of the acquisition of shares in Mayr-Melnhof Karton Aktiengesellschaft over the stock exchange independently of Mayr-Melnhof Karton Aktiengesellschaft and shall follow the conditions for trading set out in Article 3 of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016.

Note pursuant to section 5 (4) of the Publication Regulation 2018: (i) the details of the transactions carried out under this repurchase programme to be published pursuant to Section 7 of the Publication Regulation 2018 and (ii) any changes to the repurchase programme to be published pursuant to Section 6 of the Publication Regulation 2018 will be published on the website of Mayr-Melnhof Karton AG (https://mm.group/investors/share/).

This publication is in particular not a public offer to purchase Mayr-Melnhof Karton Aktiengesellschaft shares and does not establish any obligation of Mayr-Melnhof Karton Aktiengesellschaft or any of its subsidiaries to accept offers to repurchase shares of Mayr-Melnhof Karton Aktiengesellschaft.