SimCorp A/S (CPSE:SIM) commences share repurchases on February 15, 2022, under the program mandated by the Annual General Meeting held on March 24, 2021. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The consideration may not deviate by more than 10% from the bid price quoted at Nasdaq Copenhagen at the time of acquisition. The program is valid till December 31, 2022. As of March 2, 2021, the company had 40,500,000 shares in issue.