Temenos : completes its 2016 share buyback programme
June 12, 2017 at 01:53 am EDT
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GENEVA, Switzerland, 12 June 2017 - Temenos Group AG (SIX: TEMN), the software specialist for banking and finance, today announces the early termination of its 2016 share buyback programme.
Having reached its stated objective of repurchasing up to CHF 99 million (c. USD 100 million) of Temenos shares, the 2016 share buyback programme initiated on 3 November 2016 is now complete. In total, 1,365,071 registered shares of the company were bought back at an average price per share of CHF 72.53 on the ordinary trading line on the SIX Swiss Exchange. These shares represent 1.96% of the company's share capital as registered in the commercial register. The repurchased shares will be used to cover future employee stock ownership plans and/or for potential acquisitions.
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Temenos Group AG published this content on 11 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 June 2017 05:53:20 UTC.
Original documenthttps://www.temenos.com/en/news-and-events/news/20172/june/temenos-completes-2016-share-buyback/
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Temenos AG, formerly Temenos Group AG, is a Switzerland-based company engaged in the development and marketing of banking software systems. Its services include implementation, performance optimization, integration, administration, maintenance, upgrades, training and support for its software solutions. It offers solutions for retail, corporate, universal, Islamic and microfinance and community banking sectors, as well as for Private Wealth Management. The Company's client base consists of mostly banking and other financial services institutions. Its core products are Temenos T24 Core Banking (T24), a front to back office, Customer Relationship Management (CRM) and product lifecycle management software platform, as well as Front Office, an integrated, role-specific, and multi-channel solution that supports banksâ daily interactions and long term relationships with their retail, corporate, mass affluent, and High-Net-Worth (HNW) customers. It offers also funds and securities solutions.
TEMENOS GROUP 
