SimCorp A/S – Share Buyback Programme

SimCorp A/S 

25.05.2012 12:38

Dissemination of a Adhoc News, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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SimCorp A/S ('SimCorp') has today initiated a share buyback programme for up to
EUR 5.0 million, to be executed during the period from 29 May 2012 to 27 August
2012. 

The buyback programme is being launched in accordance with the authorisation
granted by the shareholders at the Annual General Meeting on 29 March 2012 to
repurchase of up to 10% of the SimCorp's share capital in the period until the
next annual general meeting. 

The buyback programme will be structured in compliance with the rules of
Commission Regulation No. 2273/2003 of 22 December 2003, which provides
protection against violation of insider trading legislation in connection with
the execution of the buyback. 

SimCorp has appointed Danske Bank A/S as lead manager of the buyback programme
for EUR 5.0 million. Under the agreement Danske Bank A/S will purchase shares
on behalf of SimCorp and will make its trading decisions independently of, and
without influence by, SimCorp. 

The buyback programme is subject to the following terms:

  -- The purpose of the programme is to reduce the share capital of SimCorp and
     to meet the obligations arising from SimCorp's incentive scheme
  -- Total purchases of own shares will be limited to a total market value of
     EUR 5.0 million
  -- Maximum number of shares that can be bought is 1,000,000 shares of DKK 1
     each
  -- Execution of the buyback will take place from 29 May 2012 to 27 August 2012
  -- Maximum number of shares to be purchased in SimCorp per daily market
     session will be the equivalent to 25% of the average volume of SimCorp
     shares traded on NASDAQ OMX Copenhagen during the preceding 20 business
     days
  -- During the life of the buyback programme no shares will be purchased at a
     price exceeding the higher of the following two prices on NASDAQ OMX
     Copenhagen:

                1. The price of the last independent trade, and
                 2. The highest current independent bid

Details of transactions executed under the buyback programme will be publicly
disclosed on www.simcorp.com not later than the end of the seventh daily market
session. 

Enquiries regarding this announcement should be addressed to:
Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45 2811
3828) 
Peter L. Ravn, Chief Executive Officer, SimCorp A/S (+45 3544 8800, +45 4076
1841)
News Source: NASDAQ OMX



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Language:     English
Company:      SimCorp A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0016026164
WKN:          
 
End of Announcement                             DGAP News-Service
 
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