RIB Software SE
- WKN: A0Z2XN
- ISIN: DE000A0Z2XN6
- Land: Deutschland
Nachricht vom 05.07.2013 | 19:34
RIB Software AG: RIB Software AG decides to continue share buyback
RIB Software AG / Key word(s): Share Buyback 05.07.2013 19:34 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company 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 continue share buyback Stuttgart, 05. July 2013 - The Executive Board of RIB Software AG (ISIN DE000A0Z2XN6) resolved to expand and continue the company's share buyback programme. The decision 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. The buyback programme was initially valid until 15 April 2013 and limited to 1 million shares. As 389,573 shares had already been bought back by 15 April 2013, the remaining contingent was exhausted with the continuation of the buyback programme resolved on 22 April 2013. As a result, the company has so far bought back a total of 1 million shares. The Executive Board has therefore resolved to expand the buyback programme to a further 1 million shares and continue it until 15 April 2014. 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. 05.07.2013 DGAP's 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: email@example.com Internet: www.rib-software.com ISIN: DE000A0Z2XN6 WKN: A0Z2XN Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service
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