Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Psi Aktiengesellschaft Fuer Produkt LSE:0KUR London Ordinary Share DE000A0Z1JH9 PSI SOFTWARE ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 17.075 16.65 17.50 0.00 0.00 0.00 190 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

PSI Software AG Share Buyback for Employee Participation Program

13/03/2020 11:05am

RNS Non-Regulatory


TIDM0KUR

PSI Software AG

13 March 2020

 
PSI Software AG / Key word(s): Share Buyback 
 PSI Software AG: Share Buyback for the Employee Participation Program 
 
 13.03.2020 
 The issuer is solely responsible for the content of this announcement. 
 
 PSI Software AG: Share Buyback for the Employee Participation Program 
 The Executive Board of PSI Software AG (ISIN DE000A0Z1JH9) decided to buy back up to 50,000 
 of its own shares (this corresponds to approximately 0.32 percent of the capital stock) through 
 the stock exchange for the implementation of this years employee participation program. 
 
 The share buyback complies with rules and regulations set forth in Sec. 71 (1) No. 2 AktG 
 (Aktiengesetz - German Stock Corporation Act). It serves solely to fulfil the obligations 
 arising from the employee share capital program of PSI Software AG. The total purchase price 
 (excluding incidental costs) is up to EUR 800,000. 
 The share buyback will begin on 16 March 2020 and will be completed by 30 April 2020. It will 
 be carried out by an independent financial service provider in accordance with the safe harbour 
 rules defined under Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and 
 of the Council dated 16 April 2014, in conjunction with the provisions of the Delegated Regulation 
 (EU) 2016/1052 of the Commission dated 8 March 2016. In particular, the financial services 
 provider is required to execute the repurchase of shares as follows: 
 1. The shares are purchased at market prices in accordance with the aforementioned regulations. 
 The shares are not purchased at a price higher than the higher of the price of the last independent 
 trade and the highest current independent purchase bid on the trading venue where the purchase 
 is carried out. 
 2. On any trading day, no more than 25 percent of the average daily volume of the shares on 
 the trading venue on which the purchase is carried out is purchased. The average daily volume 
 is based on the average daily volume traded during the month preceding the month, in which 
 the publication of the share buyback program took place, that means, on the average daily 
 trading volume in February 2020. 
 On the basis of its own software products, PSI Group develops and integrates complete solutions 
 for optimizing the flow of energy and material at suppliers (energy networks, energy trading, 
 public passenger transport) and industry (raw material extraction, metal production, automotive, 
 mechanical engineering, logistics). PSI was founded in 1969 and employs 2,000 persons worldwide. 
 www.psi.de 
 
 
 Contact: 
 PSI Software AG 
 Karsten Pierschke 
 Head of Investor Relations and 
 Corporate Communication 
 Dircksenstraße 42-44 
 10178 Berlin 
 Phone +49 30 2801-2727 
 Fax +49 30 2801-1000 
 Email: KPierschke@psi.de 
 
 
 13.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group 
 AG. 
 The issuer is solely responsible for the content of this announcement. 
 
 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News 
 and Press Releases. 
 Archive at www.dgap.de 
 
 
Language:      English 
Company:       PSI Software AG 
               Dircksenstraße 42-44 
               10178 Berlin 
               Germany 
Phone:         +49 (0)30 2801-0 
Fax:           +49 (0)30 2801-1000 
E-mail:        ir@psi.de 
Internet:      www.psi.de 
ISIN:          DE000A0Z1JH9 
WKN:           A0Z1JH 
Listed:        Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
                Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:   996897 
 
 
 
 
 
 
End of News  DGAP News Service 
 
 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRASFDFFDESSESD

(END) Dow Jones Newswires

March 13, 2020 07:05 ET (11:05 GMT)

1 Year Psi Aktiengesellschaft F... Chart

1 Year Psi Aktiengesellschaft F... Chart

1 Month Psi Aktiengesellschaft F... Chart

1 Month Psi Aktiengesellschaft F... Chart
ADVFN Advertorial
Your Recent History
LSE
0KUR
Psi Aktien..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200605 08:09:26