Ad-hoc | 9 August 2001 08:06

CPU Softwarehouse AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Ad Hoc Report CPU Softwarehouse AG starts share buyback programme Augsburg, August 9th 2001 CPU Softwarehouse AG (Neuer Markt; code no.: 545430), provider of user-specific solutions for the organisation and optimisation of traditional and future- oriented customer processes in the financial services branch, announces the start of its share buyback programme. The necessary approval has been given by the supervisory board. The authorisation by the shareholders’ meeting of August 22nd 2000 allows up to 817.581 unit shares to be bought back, this being a value of 10% of the current capital stock. The share buyback programme will begin from August 9th 2001, in a single or multi-tranche procedure, via the stock market and taking the general development of the market into account (within a maximum corridor of 5% above or below the average standard cash price during the last five days prior to purchase). The executive board has set an upper limit for the purchase price, which is significantly above the current price. From the perspective of the CPU Softwarehouse AG Executive Board, the current share price does not reasonably reflect the true value of the company. The price development of the last few weeks shows neither the success of the restructuring and repositioning measures nor the actual growth potential of the CPU Softwarehouse Group. Furthermore, the share buyback programme will provide the executive board with additional acquisition funds and greater flexibility for the realisation of strategic financing concepts. IR contact Brigitte Zellner-James Tel.: 0821/4602-166 Fax: 0821/4602-179 e-mail: investor@cpu-ag.com URL: http://www.cpu-ag.com end of ad hoc announcement (c) DGAP 09.08.2001 ——————————————————————————– WKN: 545430; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 090806 Aug 01