RIB Software SE
- WKN: A0Z2XN
- ISIN: DE000A0Z2XN6
- Land: Deutschland
Nachricht vom 27.04.2016 | 15:49
RIB Software AG decides to resume its share buyback
RIB Software AG / Key word(s): Share Buyback 27.04.2016 15:49 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Ad hoc disclosure pursuant to § 15 Securities Trading Act (WpHG): Share buyback RIB Software AG decides to resume its share buyback Stuttgart, 27 April 2016 - The Executive Board of RIB Software AG (ISIN DE000A0Z2XN6) resolved to resume the company's share buyback programme. The decision to resume the company's share buyback programme is based on the authorisation granted by the annual general meeting on 24 May 2012 to acquire treasury shares valued at up to 10% of the capital stock (equivalent to 3,871,542 shares) by 23 May 2017. In 2012 and 2013, the company has already bought back a total of 1,716,765 shares in the course of its share buyback programmes I and II. The Executive Board has now resolved to resume its buyback programme and to buy back up to a further 1 million shares until 15 April 2017. With regard to the company's annual general meeting on 31 May 2016, no share buy backs will take place in the calendar weeks of 23 and 30 May 2016. The shares will be bought back exclusively via the stock exchange. According to the authorisation granted by the annual general meeting on 24 May 2012, the purchase price per share may not be more than 10% above or below the share's market price in Xetra trading to be determined. The shares may be used for any and all purposes specified in the authorisation granted by the annual general meeting on 24 May 2012, in particular in exchange for the acquisition of companies or to service rights stemming from employee stock option programmes. The share buyback will be managed by a bank. The company has instructed the bank to ensure that these measures are carried out in accordance with the trading conditions set forth in Article 5 (1) and (2) of Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council regarding exemptions for buyback programmes and price stabilisation measures (OJ EU No. L 336/33 of 23 December 2003), hereinafter referred to as 'EC Regulation', and the provisions of this share buyback programme. The company has also instructed the bank to provide it with the information necessary to ensure that the company can comply with the disclosure requirements imposed upon it by the EC regulation. The decisions on the timing and volume of the share buyback will be taken by the bank alone and these decisions will not be influenced by the company. The buyback programme may be suspended at any time if required, so far as is permitted by law. RIB Software AG will post regular updates on the progress of the share buyback programme online at www.rib-software.com. 27.04.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English Company: RIB Software AG Vaihinger Str. 151 70567 Stuttgart Germany Phone: +49 (0)711-7873-0 Fax: +49 (0)711-7873-311 E-mail: firstname.lastname@example.org Internet: www.rib-software.com ISIN: DE000A0Z2XN6 WKN: A0Z2XN Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service
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