Company Announcement no. 02/2021
The buyback program is being launched in accordance with the authorization granted by the shareholders at the Annual General Meeting on
The buyback program will be structured and carried out in compliance with the provisions of Regulation No. 596/2014 of the
The buyback program is subject to the following terms:
- The purpose of the program 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 20.0m - Maximum number of shares that can be bought is 300,000 shares of
DKK 1 each - Execution of the buyback will take place from
10 February 2021 to31 July 2021 - Maximum number of shares to be purchased in
SimCorp per daily market session will be the equivalent to 10% of the average volume ofSimCorp shares traded on NASDAQ OMX Copenhagen during the preceding 20 business days - During the life of the buyback program 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 program 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:
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