On 27 September 2023, the Managing Board of Fabasoft AG 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 Austrian Stock Corporation Act (AktG). Shares in Fabasoft AG are to be acquired up to a maximum total volume (excluding incidental acquisition costs) of EUR 2,000,000.00. 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. Details of the share buyback program and the transactions carried out are published on this website on an ongoing basis.
Ad hoc announcement
27/09/2023 Fabasoft AG resolves share buyback | PDF
Announcement pursuant to Art. 5 (1) (a) of Regulation (EU) No. 596/2014 and Art. 2 (1) of the Delegated Regulation (EU) No. 2016/1052 - Share Buyback Program