DGAP-Ad-hoc: Software AG / Key word(s): Corporate Action
Ad hoc Disclosure (Inside Information according to Article 17 MAR)
The Management Board of Software AG (TecDAX, ISIN DE000A2GS401 / SOW) decided today to redeem 2,400,000 treasury shares which had been acquired by the company in previous years based on various buy-back authorizations and to decrease the share capital accordingly by EUR 2,400,000. This corresponds to 3.14 percent of the share capital before redemption and capital decrease. The redemption is based on the authorization of the General Assembly of Software AG of May 31, 2016
After the share capital decrease, the current share capital of Software AG of EUR 76,400,000 will amount to EUR 74,000,000 and will be divided into 74,000,000 shares with a proportional share in the share capital amounting to EUR 1.00 per share. After the redemption of 2,400,000 treasury shares, Software AG will still hold 23,761 treasury shares. This corresponds to 0.03 percent of the decreased share capital.
The redemption is expected to be completed shortly.
Darmstadt, March 13, 2018
The Management Board
Software AG, Uhlandstr. 12, 64297 Darmstadt
Person making the notification:
Junior Manager Investor Relations
Tel: +49 6151 92 1106
13-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Phone:||+49 (0)6151 92-1900|
|Fax:||+49 (0)6151 92-34 1899|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|
663785 13-March-2018 CET/CEST