Ad-hoc | 3 September 2015 19:51
Software AG / Key word(s): Share Buyback
03.09.2015 19:51
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Software AG decides on Share Buyback
Software AG's executive board (TecDAX, ISIN DE 0003304002 / SOW) today
decided, on the basis of the authority granted by the general meeting of
May 13, 2015 and with the approval of the supervisory board, to conduct a
buyback of own shares in a value of up to EUR 70 million (excluding
ancillary costs) during the period until December 31, 2015 at the latest.
Based on the Xetra closing rate on September 2, 2015 of EUR 24.02 this
equates to a volume of up to approx. 2,914,238 shares. The limit for a
share buyback is 10 percent of the share capital as of the date of the
resolution less other treasury shares, which the Company has previously
purchased or still holds or which are attributable to it under the
provisions of §§ 71d and 71e AktG (German Stock Corporation Act), which
equals 7,838,144 shares. It is intended that the share buyback will be
conducted through a bank and exclusively on the stock exchange. The shares
bought back may be used for all purposes permissible under the above
mentioned authority and applicable stock corporation law.
Darmstadt, September 3, 2015
The Executive Board
Software AG, Uhlandstr. 12, 64297 Darmstadt, Germany
03.09.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Software AG
Uhlandstraße 12
64297 Darmstadt
Germany
Phone: +49 (0)6151 92-1900
Fax: +49 (0)6151 92-34 1899
E-mail: Investor.Relations@softwareag.com
Internet: www.softwareag.com
ISIN: DE0003304002
WKN: 330400
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of Announcement DGAP News-Service
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