DGAP-Adhoc: Softing AG share buy-back
DGAP-Ad-hoc: Softing AG / Key word(s): Share Buyback
Softing AG share buy-back
03-Apr-2020 / 16:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The buy-back program will be executed via the stock exchange. The share price paid by Softing (excluding additional transaction costs) will stay within a 10% margin of the average closing price of the last three trading days.
The buy-back will be executed by a financial institution according to the Safe-Harbour-Rules of article 5 edict (EU) No. 596/2014 of the European Parliament dated April 16, 2014 in combination with the rules of Delegierten Verordnung (EU) 2016/1052 of the European Commission dated March 8, 2016. The financial institution will make its purchasing decisions independent and without any influence of Softing AG.
The shares are intended to be used as a future acquisition currency.
All transactions will be published on a weekly base on Softing's website (www.softing.de) under its Investor Relations section.
Contact:
Dr. Wolfgang Trier
CEO
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