RCS - PSI Software AG - Share Buyback

PSI Software SEAnnouncement

01/02/2022 11:20

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RNS Number : 3283A  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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