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Keyware Technologies NV — Transaction in Own Shares 2017
Nov 13, 2017
3970_dirs_2017-11-13_878d90f4-ad80-469d-a387-07eef4395c13.pdf
Transaction in Own Shares
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PRESS RELEASE 13 November 2017 – 20:00 CET
Report on the progress of the share buy-back programme
Brussels, Belgium – 13 November 2017 – Keyware (EURONEXT Brussels: KEYW) reports on the progress of its share buy-back programme capped to EUR 1 million.
The Extraordinary General shareholders Assembly of Keyware Technologies held on 27 May 2016 has authorized the Board of Directors to launch a share buy-back programme. In May 2017, the Board of Directors has decided to start a share buy-back programme capped to EUR 1 million.
Referring to article 207 of the Royal decree of 30 January 2001 in execution of the Companies code (art. 620 § 1), as modified by Royal Decree of 26 April 2009, Keyware Technologies communicates that it has purchased 25,000 treasury shares at Euronext Brussels in the period between 6 November 2017 and 10 November 2017.
| Purchase date |
Number of shares |
Average purchase price (EUR) |
Lowest purchase price (EUR) |
Highest purchase price (EUR) |
Total (EUR) |
|---|---|---|---|---|---|
| 06/11/2017 | 4,050 | 1.3752 | 1.363 | 1.378 | 5,569.63 |
| 07/11/2017 | 450 | 1.3863 | 1.378 | 1.396 | 623.84 |
| 08/11/2017 | 150 | 1.3789 | 1.378 | 1.379 | 206.83 |
| 09/11/2017 | - | - | - | - | - |
| 10/11/2017 | 20,350 | 1.3842 | 1.340 | 1.390 | 28,167.53 |
| Total | 25,000 | 1.3827 | 34,567.83 |
As a result of the purchase transactions up to date and the sale of 47,400 shares on 30 June 2017 in favor of the former shareholders of EasyOrder BVBA, the Company holds a total of 359,293 treasury shares on 10 November 2017 or 1.6471 % of the actual number of shares issued (i.e. 21,813,793).
The share buy-back programme is further executed within the indicated maximum amount of EUR 1,000,000. Under this programme, a total of 394,737 treasury shares have been purchased for an amount of EUR 559,687.80. Hence, the remaining balance is EUR 440,312.20 (which corresponds to approximately 317,000 shares).
For an overview of the purchases of treasury shares since respectively 26 August 2016 and 1 June 2017 we refer to our website: http://www.keyware.com/legal-information under the title "Share buy-back programme".
REGULATED INFORMATION
About Keyware
Keyware (EURONEXT Brussels: KEYW) is a leading supplier of electronic-payment solutions, loyalty systems, identity applications and related transaction management. Keyware is located in Zaventem, Belgium, and more information is available on www.keyware.com
For additional information, please contact:
Mr Stéphane Vandervelde President & CEO Keyware Technologies Tel: +32 (0)2 346.25.23 [email protected] www.keyware.com