|
EQS-Ad-hoc: Fabasoft AG / Key word(s): Share Buyback Linz, 27 September 2023 – 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 3 July 2023 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 26 September 2023), this would be approximately 1.0% 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 3 July 2023. The share buyback is expected to start on 4 October 2023 and to last until 31 March 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 Fabasoft PROCECO ecosystem, 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, 27 September 2023 Klaus Fahrnberger, Investor Relations Manager E-mail: ir@fabasoft.com, Telephone: +43 732 60 61 62 0 End of Inside Information
27-Sep-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com |
| 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: | 1736133 |
| Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf |
| End of Announcement | EQS News Service |
|
|
1736133 27-Sep-2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
