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Software AG
Share Issue/Capital Change • Mar 13, 2018
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Share Issue/Capital Change
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News Details
Ad-hoc | 13 March 2018 20:06
Software AG decides to cancel treasury shares and to decrease the share capital
Software AG / Key word(s): Corporate Action
Software AG decides to cancel treasury shares and to decrease the share capital
13-March-2018 / 20:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc Disclosure (Inside Information according to Article 17 MAR)
Software AG decides to cancel treasury shares and to decrease the share capital
The Management Board of Software AG (TecDAX, ISIN DE000A2GS401 / SOW) decided today to redeem 2,400,000 treasury shares which had been acquired by the company in previous years based on various buy-back authorizations and to decrease the share capital accordingly by EUR 2,400,000. This corresponds to 3.14 percent of the share capital before redemption and capital decrease. The redemption is based on the authorization of the General Assembly of Software AG of May 31, 2016
After the share capital decrease, the current share capital of Software AG of EUR 76,400,000 will amount to EUR 74,000,000 and will be divided into 74,000,000 shares with a proportional share in the share capital amounting to EUR 1.00 per share. After the redemption of 2,400,000 treasury shares, Software AG will still hold 23,761 treasury shares. This corresponds to 0.03 percent of the decreased share capital.
The redemption is expected to be completed shortly.
Darmstadt, March 13, 2018
The Management Board
Software AG, Uhlandstr. 12, 64297 Darmstadt
Contact:
Person making the notification:
Frederic Freichel
Junior Manager Investor Relations
Email: [email protected]
Tel: +49 6151 92 1106
13-March-2018 CET/CEST 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: | DE000A2GS401 |
| WKN: | A2GS40 |
| Indices: | TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |