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Software AG
Transaction in Own Shares • May 11, 2017
406_rns_2017-05-11_d7608586-ed42-42e3-b54b-0a4509a7bf09.html
Transaction in Own Shares
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News Details
Corporate | 11 May 2017 07:55
Software AG: Disclosure pursuant to second sentence of Article 2 (1) of the Commission Delegated Regulation (EU) 2016/1052 Change notification – Early termination of the Share Buy-Back Program
DGAP-News: Software AG / Key word(s): Share Buyback
11.05.2017 / 07:55
The issuer is solely responsible for the content of this announcement.
Disclosure pursuant to second sentence of Article 2 (1) of the Commission Delegated Regulation (EU) 2016/1052
Change notification – Early termination of the Share Buy-Back Program
On March 06, 2017 Software AG’s Executive Board decided, on the basis of the authority granted by the General Meeting of May 31, 2016 and with the approval of the Supervisory Board, to conduct a buyback of own shares in a value of up to EUR 100 million (excluding ancillary acquisition costs) during the period until May 15, 2017 at the latest.
With a view to the General Meeting of Software AG which has been invited for May 17, 2017, the Executive Board decided to change this Share Buy-Back Program by terminating it with effect of the end of trading on Xetra on May 11, 2017.
Experience during the share buy-back has shown that it was not possible to consistently ensure that shares are settled and booked into Software AG’s share deposit account two banking days after the day they have been bought (T+2). With the early termination, Software AG aims to counteract such uncertainties in order to ensure that the General Meeting of Software AG is able to vote on the dividend resolution on a secure basis as concerns the number of shares entitled to receive a dividend.
Further information on the Share Buy-Back Program and the relevant transactions are made available on the internet at: www.softwareag.com under section “Investor Relations”.
Darmstadt, May 11, 2017
Software Aktiengesellschaft
The Executive Board
11.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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: | [email protected] |
| Internet: | www.softwareag.com |
| ISIN: | DE0003304002 |
| WKN: | 330400 |
| Indices: | TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |