EQS-Ad-hoc: Fabasoft AG / Key word(s): Share Buyback
Fabasoft AG: Fabasoft AG resolves share buyback
13-Aug-2024 / 18:59 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.
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Disclosure of an inside information according to Art. 17 Regulation (EU)
596/2014
Fabasoft AG resolves share buyback
Linz, 13 August 2024 – 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 2 July 2024 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 12 August 2024), this would be approximately 1.3% 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 2 July 2024.
The share buyback is expected to start on 15 August 2024 and to last until
30 September 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 Ecosystem Fabasoft PROCECO, 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, 13 August 2024
Klaus Fahrnberger, Investor Relations Manager
E-mail: ir@fabasoft.com, Telephone: +43 732 60 61 62 0
End of Inside Information
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13-Aug-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: Fabasoft AG
Honauerstraße 4
4020 Linz
Austria
Phone: +43 732-606162-0
Fax: +43 732-606162-609
E-mail: ir@fabasoft.com
Internet: www.fabasoft.com
ISIN: AT0000785407
WKN: 922985
EQS News ID: 1967339
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin,
Stuttgart, München, Hamburg, Düsseldorf
End of Announcement EQS News Service
1967339 13-Aug-2024 CET/CEST
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