Transaction in Own Shares • Feb 20, 2019
Transaction in Own Shares
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SimCorp A/S – New Share buyback program
Company announcement no. 02/2019
SimCorp A/S (“SimCorp”) has today initiated a share buyback program for up to EUR 12.5m, to be executed during the period from February 20, 2019 to August 22, 2019.
The buyback program is being launched in accordance with the authorization granted by the share-holders at the Annual General Meeting on March 23, 2018 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 Regu-lation 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 Nordea as lead manager of the buyback program. Under the agreement, Nordea will purchase shares on behalf of SimCorp and will make its trading decisions inde-pendently 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
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.
Enquiries regarding this announcement should be addressed to:
Anders Hjort, Head of Investor Relations, SimCorp A/S (+45 3544 8822, +45 2892 8881)
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