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Press Release

Ad hoc Disclosure (Inside Information according to Article 17 MAR)

Darmstadt, Germany, 3/6/2017

Software AG decides to cancel treasury shares and decides on new share buyback



Software Aktiengesellschaft (TecDAX, ISIN DE 0003304002 / SOW) has decided today to cancel 2,600,000 treasury shares and to buyback own shares in a value up to EUR 100 million (excluding ancillary acquisition costs).


  1. The Management Board of Software AG decided on the basis of the authorization of the General Assembly of Software AG of May 31, 2016 to redeem 2,600,000 treasury shares which had been acquired by the company based on various buy-back authorizations with the effect of decreasing share capital. This corresponds to 3.29 percent of the share capital before redemption and capital decrease.
    The share capital of Software AG will amount after the redemption to EUR 76,400,000 and will be divided into 76.4 million shares with a proportional share in the share capital amounting to EUR 1.00 per share. The redemption is expected to be completed shortly.

  2. Software AG's Management Board today decided, on the basis of the authority granted by the general meeting of May 31, 2016 and with the approval of the supervisory board, to conduct a buyback of own shares in a value of up to EUR 100 million (excluding ancillary acquisition costs) during the period until May 15, 2017 at the latest. Based on the Xetra closing rate on March 6, 2017 of EUR 34.765 this equates to a volume of up to approx. 2,876,456 shares. The limit for a share buyback is 10 percent of the share capital as of the date of the resolution less other treasury shares, which the Company has previously purchased or still holds or which are attributable to it under the provisions of §§ 71d and 71e AktG (German Stock Corporation Act), which equals 7,623,163 shares. It is intended that the share buyback will be conducted through a bank and exclusively on the stock exchange. The shares bought back may be used for all purposes permissible under the above mentioned authority and applicable stock corporation law. 


Darmstadt, March 6, 2017

The Management Board

Software AG, Uhlandstr. 12, 64297 Darmstadt


Contact:


Software AG
Antje Kelbert
Senior Manager Investor Relations
Uhlandstrasse 12
64297 Darmstadt
Tel: +49 (0) 6151 92-1899
Email: antje.kelbert@softwareag.com
Software AG
Byung-Hun Park
SVP Corporate Communications
Uhlandstrasse 12
64297 Darmstadt
Tel: +49 (0) 6151 92-2070
Email: byung-hun.park@softwareag.com



About Software AG

The digital transformation is changing enterprise IT landscapes from inflexible application silos to modern software platform-driven IT architectures which deliver the openness, speed and agility needed to enable the digital real-time enterprise.


Software AG offers the first end-to-end Digital Business Platform, based on open standards, with integration, process management, in-memory data, adaptive application development, real-time analytics and enterprise architecture management as core building blocks. The modular platform allows users to develop the next generation of application systems to build their digital future, today.


With over 45 years of customer-centric innovation, Software AG is ranked as a leader in many innovative and digital technology categories. Software AG has more than 4,500 employees, is active in 70 countries and had revenues of €872 million in 2016.


Learn more at www.softwareag.com.


Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany

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