PSI SOFTWARE SE
DGAP-News: PSI Software AG / Key word(s): Share Buyback
PSI Software AG: Share Buyback for the Employee Participation Program
2021-06-08 / 16:57
The issuer is solely responsible for the content of this announcement.
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PSI Software AG: Share Buyback for the Employee Participation Program
Berlin, June 8, 2021 - The Executive Board of PSI Software AG (ISIN DE000A0Z1JH9) decided to buy back up to 50,000 of
its own shares (this corresponds to approximately 0.32 percent of the capital stock) through the stock exchange for the
implementation of this years employee participation program.
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
1,425,000.
The share buyback will begin immediately and will be completed by October 31, 2021. 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, that means, on the
average daily trading volume in May 2021.
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). PSI was founded in 1969 and employs more than 2,000 people worldwide. www.psi.de
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
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2021-06-08 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: PSI Software AG
Dircksenstraße 42-44
10178 Berlin
Germany
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE000A0Z1JH9
WKN: A0Z1JH
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1204619
End of News DGAP News Service
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Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1204619&application_name=news(END) Dow Jones Newswires
June 08, 2021 10:58 ET (14:58 GMT)
