Disclosure of an inside information according to Article 17 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse
RIB Software SE decides on buyback program for own shares with a volume of up to EUR 15 million
Stuttgart, 17 October 2018 - The Administrative Board of RIB Software SE (ISIN DE000A0Z2XN6) today approved a buyback program for own shares (the "Share Buyback Program 2018") using the authorization of the Annual General Meeting of 15 May 2018. Under the Share Buyback Program 2018, up to a total of 1 million treasury shares (corresponding to up to 1.94% of the Company's share capital) may be repurchased in the period from 1 November 2018 to 31 October 2019 at a total purchase price excluding incidental costs of up to EUR 15 million. The Administrative Board reserves the right to use the treasury shares for any and all purposes specified In the authorization granted by the annual general meeting on 15 May 2018.
The share buyback will take place in accordance with the safe harbor provisions of Article 5 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission of 8 March 2016, with the exception of Article 2(1a) of the Delegated Regulation (EU) 2016/1052 of the Commission of 8 March 2016.
Further details will be announced separately by the Company prior to the start of the Share Buyback Program 2018.
17-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de