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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 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

PSI Software AG Share Buyback

14/06/2019 10:36am

RNS Non-Regulatory


TIDM0KUR

PSI Software AG

14 June 2019

 
PSI Software AG / Key word(s): Share Buyback 
 PSI Software AG: Share Buyback for the Employee Participation Program 
 
 14.06.2019 / 11:25 
 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 60,000 
 of its own shares (this corresponds to approximately 0.38 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 1,020,000. 
 The share buyback will begin on 14 June 2019 and will be completed by 30 November 2019. 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 May 2019. 
 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 more than 1,900 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 
 
 
 14.06.2019 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:   824961 
 
 
 
 
 
 
End of News  DGAP News Service 
 
 
 
 

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END

NRAGGUCWQUPBUBC

(END) Dow Jones Newswires

June 14, 2019 05:36 ET (09:36 GMT)

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