EQS-Adhoc: Fabasoft AG: Fabasoft AG decides on share buyback

EQS-Ad-hoc: Fabasoft AG / Keywords: Share buyback
Fabasoft AG: Fabasoft AG decides on share buyback

13-08-2024 / 18:59 CET/CEST
Disclosure of inside information pursuant to Article 17 MAR of Regulation (EU) No 596/2014, sent by EQS News – a service of EQS Group AG.
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Disclosure of inside information pursuant to Art. 17 Regulation (EU) 596/2014

Fabasoft AG decides to buy back its own shares

Linz, August 13, 2024 – The Board of Directors of Fabasoft AG has today decided, with the approval of the Supervisory Board, to make use of the authorization granted by the General Meeting of Shareholders on July 2, 2024 to acquire own shares in accordance with Section 65 (1) No. 4 and Section 65 (1) No. 8 of the AktG (Austrian Stock Corporation Act). Shares in Fabasoft AG are to be acquired up to a maximum aggregate amount (excluding incidental acquisition costs) of EUR 2,000,000.00 (in words: EUR 2 million). Based on the current share price (closing price XETRA, as of August 12, 2024), this would represent approximately 1.3% of the company’s share capital.

The buyback of own shares must be carried out under the direction of a bank that will take its decisions on the timing of the acquisition of the shares independently of and without influence from the company. The acquisition will be carried out via the stock exchange in accordance with the so-called safe harbor provision in art. 5 of Regulation (EU) No 596/2014, with the exception of the purpose of the buyback. 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 August 15, 2024 and last until September 30, 2025 at the latest. Fabasoft AG will publish further details 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 combines powerful digital solutions for document-intensive business processes. Numerous well-known private companies and public sector organizations have trusted the quality and experience of Fabasoft for more than three decades.

Fabasoft AG (ISIN AT0000785407; WKN 922985; Bloomberg code FAA GY; Reuters code FAAS.DE)

Linz, August 13, 2024

Klaus Fahrnberger, Investment Relations Manager

E-mail: [email protected], Phone: +43 732 60 61 62 0

End of Inside Information

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Language:	English
Company:	Fabasoft AG
	Honauerstraße 4
	4020 Linz
	Austria
Telephone:	+43 732 606 162
Fax:	+43 732 606 162 609
Email address:	[email protected]
Internet:	www.fabasoft.nl
ISIN code:	AT0000785407
WKN:	922985
Please mention:	Regulated market in Frankfurt (Prime Standard); Regulated unofficial market in Berlin, Düsseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1967343