Transaction in Own Shares • Feb 15, 2022
Transaction in Own Shares
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Company Announcement no. 02/2022
SimCorp A/S ("SimCorp") has today initiated a share buyback program for up to EUR 20.0m, to be executed during the period from February 15, 2022 to July 31, 2022.
The buyback program is being launched in accordance with the authorization granted by the shareholders at the Annual General Meeting on 24 March 2021 to repurchase up to 10% of the SimCorp's share capital in the period until the next annual general meeting.
The buyback program will be structured and carried out in compliance with the provisions of Regulation No. 596/2014 of the European Parliament and of the Council on market abuse (the Market Abuse Regulation - MAR) and delegated legislation under MAR.
SimCorp has appointed Danske Bank as lead manager of the buyback program. Under the agreement, Danske Bank will purchase shares on behalf of SimCorp and will make its trading decisions independently of, and without influence by SimCorp.
The buyback program is subject to the following terms:
During the life of the buyback program no shares will be purchased at a price exceeding the higher of the following two prices on NASDAQ OMX Copenhagen:
The price of the last independent trade, and
The highest current independent bid
Details of transactions executed under the buyback program will be publicly disclosed on www.simcorp.com not later than the end of the seventh daily market session.
Anders Hjort, Head of Investor Relations, SimCorp A/S (+45 3544 8822)
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