DGAP-Adhoc: Fabasoft AG: Fabasoft AG resolves to sell treasury shares
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DGAP-Ad-hoc: Fabasoft AG / Key word(s): Transaction in Own Shares Linz, 20 April 2020. The Management Board of Fabasoft AG today resolved based on the authorisation by the Annual General Meeting on July 1, 2019 and approved by the Supervisory Board to sell up to 277,257 treasury shares held by the company. The treasury shares are sold by M.M. Warburg & Co (AG & Co.) KGaA within the framework of an accelerated bookbuilding process by way of a private placement to institutional investors against the placement price of EUR 23.50 per share. The shareholders' subscription rights are excluded. The proceeds from the placement of treasury shares strengthen the company's equity base and serve the announced corporate interests. Linz, 20 April 2020 The Management Board Fabasoft AG Honauerstraße 4, 4020 Linz, Austria (ISIN AT0000785407; WKN 922985; Bloomberg Code FAA GY; Reuters Code FAAS.DE) Linz, 20 April 2020 Leopold Bauernfeind, Member of the Managing Board E-mail: [email protected], Telephone: +43 732 60 61 62
20-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Fabasoft AG |
| Honauerstraße 4 | |
| 4020 Linz | |
| Austria | |
| Phone: | +43 732 606 162 |
| Fax: | +43 732 606 162--609 |
| E-mail: | [email protected] |
| Internet: | www.fabasoft.com |
| ISIN: | AT0000785407 |
| WKN: | 922985 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart |
| EQS News ID: | 1025671 |
| End of Announcement | DGAP News Service |
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1025671 20-Apr-2020 CET/CEST
