PSI Software AG Share Buyback
February 01 2022 - 6:16AM
RNS Non-Regulatory
TIDM0KUR
PSI Software AG
01 February 2022
PSI Software AG / Key word(s): Share Buyback
PSI Software AG: Share Buyback for the Employee Participation Program
01.02.2022
The issuer is solely responsible for the content of this announcement.
PSI Software AG: Share Buyback for the Employee Participation Program
Berlin, February 1, 2022 - The Executive Board of PSI Software AG (ISIN DE000A0Z1JH9) decided
to buy back up to 50,000 of its own shares (this corresponds to approximately 0.32 percent
of the capital stock) through the stock exchange for the implementation of this years employee
participation program.
The share buyback complies with rules and regulations set forth in Sec. 71 (1) No. 8 AktG
(Aktiengesetz - German Stock Corporation Act) as authorized by the Annual General Meeting
on June 9, 2020. The shares may be used for all the purposes authorised in the General Meeting.
The total purchase price (excluding incidental costs) is up to EUR 1,800,000.
The share buyback will begin immediately and will be completed by April 30, 2022. It will
be carried out by an independent financial service provider in accordance with the safe harbor
rules defined under Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and
of the Council dated 16 April 2014, in conjunction with the provisions of the Delegated Regulation
(EU) 2016/1052 of the Commission dated 8 March 2016. In particular, the financial services
provider is required to execute the repurchase of shares as follows:
1. The shares are purchased at market prices in accordance with the aforementioned regulations.
The shares are not purchased at a price higher than the higher of the price of the last independent
trade and the highest current independent purchase bid on the trading venue where the purchase
is carried out.
2. On any trading day, no more than 25 percent of the average daily volume of the shares on
the trading venue on which the purchase is carried out is purchased. The average daily volume
is based on the average daily volume traded during the month preceding the month, in which
the publication of the share buyback program took place, that means, on the average daily
trading volume in January 2022.
The PSI Group develops its own software products for optimizing the flow of energy and materials
for utilities (energy grids, energy trading, public transport) and industry (metals production,
automotive, mechanical engineering, logistics). The industry-specific products, which are
built from standard components, are sold both directly and via the multi-cloud PSI App Store
and can also be customized by customers and partners themselves. PSI was founded in 1969 and
employs about 2,200 people worldwide. www.psi.de
Contact:
PSI Software AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communication
Dircksenstraße 42-44
10178 Berlin
Phone +49 30 2801-2727
Fax +49 30 2801-1000
Email: KPierschke@psi.de
01.02.2022 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: PSI Software AG
Dircksenstraße 42-44
10178 Berlin
Germany
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE000A0Z1JH9
WKN: A0Z1JH
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1275249
End of News DGAP News Service
275249 01.02.2022
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