par Fabasoft AG (isin : AT0000785407)
EQS-Adhoc: Fabasoft AG: Fabasoft AG resolves share buyback
EQS-Ad-hoc: Fabasoft AG / Key word(s): Share Buyback
Fabasoft AG: Fabasoft AG resolves share buyback
27-Sep-2023 / 19:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Linz, 27 September 2023 – The Managing Board of Fabasoft AG today resolved, with the approval of the Supervisory Board, to make use of the authorization granted by the Annual General Meeting on 3 July 2023 to acquire treasury shares in accordance with Section 65 (1) number 4 and in accordance with Section 65 (1) number 8 of the AktG (Austrian Stock Corporation Act). Shares in Fabasoft AG are to be acquired up to a maximum total volume (excluding incidental acquisition costs) of EUR 2,000,000.00 (in words: 2 million euro). Based on the current share price level (XETRA closing price, as of 26 September 2023), this would be approximately 1.0% of the company's share capital.
The share buyback is to be carried out under the leadership of a bank which will make its decisions on the timing of the acquisition of the shares independently of and without influence by the company. The acquisition will be carried out via the stock exchange in compliance with the so-called safe harbor provision in Art. 5 of Regulation (EU) No. 596/2014, with the exception of the purpose of the repurchase. This is broader than provided for in Art. 5 (2) of Regulation (EU) No. 596/2014. The shares may therefore be used for all purposes specified in the authorization of the Annual General Meeting of 3 July 2023.
The share buyback is expected to start on 4 October 2023 and to last until 31 March 2025 at the latest. Further details will be published by Fabasoft AG prior to the start of the buyback program.
About Fabasoft:
Fabasoft is one of the leading software product companies and cloud service providers for digital document, process and records management in Europe. With the unique Fabasoft PROCECO ecosystem, Fabasoft unites powerful digital solutions for document-intensive business processes. Numerous well-known private enterprises and public-sector organizations have trusted in the quality and experience of Fabasoft for over three decades.
Fabasoft AG (ISIN AT0000785407; WKN 922985; Bloomberg Code FAA GY; Reuters Code FAAS.DE)
Linz, 27 September 2023
Klaus Fahrnberger, Investor Relations Manager
E-mail: ir@fabasoft.com, Telephone: +43 732 60 61 62 0
End of Inside Information
27-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Fabasoft AG |
| Honauerstraße 4 | |
| 4020 Linz | |
| Austria | |
| Phone: | +43 732 606 162 |
| Fax: | +43 732 606 162 609 |
| E-mail: | ir@fabasoft.com |
| Internet: | www.fabasoft.com |
| ISIN: | AT0000785407 |
| WKN: | 922985 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart |
| EQS News ID: | 1736147 |
| End of Announcement | EQS News Service |
1736147 27-Sep-2023 CET/CEST