RCS - PSI Software AG - PSI Software AG: Share Buyback

PSI Software SEAnnouncement

13/05/2022 17:00

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RNS Number : 5111L  PSI Software AG  13 May 2022

PSI Software AG: Share Buyback for the Employee Participation Program and
Redemption of Shares

Berlin, May 13, 2022 - The Executive Board of PSI Software AG (ISIN
DE000A0Z1JH9) decided to buy back up to 200,000 of its own shares (this
corresponds to approximately 1.27 percent of the capital stock) through the
stock exchange for the implementation of this year's employee participation
program and, in particular, for the redemption of shares with reduction of the
share capital.

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 6,000,000.

The share buyback will start after the dividend payment has been made on May
25, 2022 and will be completed by December 31, 2022at the latest. 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, which means, on the average daily trading
volume in April 2022.

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

End of ad hoc announcement

Information and Explanation of the Issuer to this News:

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

13-May-2022 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

 

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