PSI Software AG

  • WKN: A0Z1JH
  • ISIN: DE000A0Z1JH9
  • Land: Deutschland

Nachricht vom 13.05.2022 | 17:11

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

PSI Software AG / Key word(s): Share Buyback
PSI Software AG: Share Buyback for the Employee Participation Program and Redemption of Shares

13-May-2022 / 17:11 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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


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



show this

GBC im Fokus

Virtuelle Konferenz: International Investment Forum am 19.05.2022

Das International Investment Forum (IIF) bietet als rein digitales Live-Event Zugang zu börsennotierten Unternehmen aus den Small- und Midcap-Segmenten aus aller Welt. Speaker am 19. Mai 2022 ab 9:55 sind Vorstände börsennotierter Gesellschaften aus den Sektoren Rohstoffe, Immobilien, Energie, Chiptechnik, Biotechnologie, Crypto und Raumfahrt. Die präsentierenden Vorstände bieten einmalige Einblicke und stehen live für Fragen aller Investorengruppen zur Verfügung.

Aktueller Webcast

TRATON SE

TRATON CMD 2022 – Webcast

18. Mai 2022

Aktuelle Research-Studie

SMT Scharf AG

Original-Research: SMT Scharf AG (von Montega AG): Kaufen

16. Mai 2022