PSI Software SE

Regulatory Filings • Dec 12, 2006

News Details

Corporate | 12 December 2006 17:05

PSI Limits Pension Liabilities

Corporate News transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— PSI Limits Pension Liabilities The PSI Board of Directors has arranged with the Corporate Works Council that the employer-financed pension plan with reserves will be frozen at the level earned at 31 December 2006 and that a reinsured support fund will be offered. The pension obligations of 25.4 million euros as per 30 September 2006 represented a long-term liability that was difficult to calculate. The capping will contribute to the increased improvement in ratings and therefore to a reduced interest rate for order sureties. PSI AG develops and integrates individual solutions, on the basis of its own software, for the management of large networks (electricity, gas, oil, telecommunications, transport), cross-company production management (steel, machinery, plant construction, automotive, logistics) and information management for government and service providers. PSI was founded in 1969 and employs more than 1,000 persons in the group. www.psi.de PSI AG Karsten Pierschke Communications and Investor Relations Dircksenstrasse 42-44 10178 Berlin Germany Tel. +49 30 2801-2727 Fax +49 30 2801-1000 E-Mail: KPierschke@psi.de (c)DGAP 12.12.2006 ————————————————————————— Language: English Issuer: PSI Aktiengesellschaft Dircksenstraße 42-44 10178 Berlin Deutschland Phone: +49 (0)30 2801-0 Fax: +49 (0)30 2801-1000 E-mail: ir@psi.de WWW: www.psi.de ISIN: DE0006968225 WKN: 696822 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service —————————————————————————